Just saw on Bloomberg that CS and UBS are weighing a potential merger. Could be full bank, or just back office.
Dunno if anyone who works there could shed some light on this or if they heard anything.
Also wonder what's every ones thoughts on how this would affect positions/market.
Took CS for the exit opps... now i'm afraid they'll be heavily diluted by UBS
What if they merge and become UBCS. Everyone will give them the nickname unlucky broke c*** suckers :/
Hilarious that people think UBS dilutes the brand value of CS. Both banks prioritize wealth management over investment banking, and UBS is stronger here.
Don't understand why it would be hilarious/illogical. People here are focused on investment banking (not wealth management), and CS is clearly stronger here.
Ironic that a forum for M&A have people only focus on brand equity in this transaction. UBS has outperformed CS in terms of revenue growth, net income, operating margin, RoA, stock, etc etc. in the last few years. This merger has absolutely nothing to do with how well their NYC analysts will recruit for buy side.
my ex girlfriend works in the back office at UBS, I hope this creates 'redundancies'
Tons of synergies, home offices in Zurich are literally across the street from each other. UBS has very strong ER platform and combined capital markets would be strong. UBS Wealth Mgmt. with CS = wealth monopoly. Both IB's are weak but together will have a much bigger balance sheet to work with so they can finally run a competitive investment bank, consolidate back office in Switzerland and the U.S.
Only way they can truly compete on the same level as the U.S. bulges