Tuesday, June 6, 2023

EU clears UBS takeover of Credit Suisse

Brussels, Belgium

The European Commission approved the takeover by UBS of its embattled banking rival Credit Suisse on Thursday, ruling that the merger does not harm competition in Europe.

The commission, which runs the EU’s powerful anti-trust regulator, said “the merger would not significantly reduce competition in the markets where their activities overlap” within the European Economic Area.


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