UBS Group (UBS) Closes Swiss Arm & Credit Suisse (Schweiz) Merger [Yahoo! Finance]
ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI)
US:NASDAQ Investor Relations:
credit-suisse.com/articles/media-releases/2017/04/en/usoi-launch-pr.html
Company Research
Source: Yahoo! Finance
This merger aligns with UBS' growth strategy to strengthen its market presence in competitive regions. Following this merger, Credit Suisse (Schweiz) AG has been deregistered from the Commercial Register of the Canton of Zurich and no longer exists as a separate business. Consequently, UBS Switzerland AG now owns all the rights and obligations of Credit Suisse (Schweiz) AG. The merging of the Swiss entities simplifies the transition of clients and operations from Credit Suisse (Schweiz) AG to the UBS platform following business, client and product-specific needs. Clients of Credit Suisse (Schweiz) AG have become clients of UBS Switzerland AG as a result of the merger. However, they will continue to interact with UBS using current Credit Suisse platforms and tools, until otherwise communicated. Sabine Keller-Busse, president of UBS Switzerland, stated, “The migration of the majority of client transactions in Switzerland to the UBS platform will take place in 2025 and will be grad
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