UBS Faces Challenges and Controversies in Credit Suisse Deal.
TL;DR Summary
UBS is reportedly seeking to terminate the deal between Credit Suisse and Michael Klein's advisory boutique, which aimed to create an investment-banking spinoff under the CS First Boston brand. The termination of the deal could save the majority of Credit Suisse's investment bank after UBS agreed to purchase its Swiss rival. UBS has appointed a legal team to review how to cancel the contract without incurring heavy expenses.
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- UBS needs to act swiftly BusinessLIVE
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