“UBS is in discussions to take over all or part of Credit Suisse, with the boards of Switzerland’s two biggest lenders set to meet separately over the weekend to consider Europe’s most consequential banking combination since the financial crisis”
https://www.ft.com/content/17892f24-4ca0-417f-9093-289b019a0852
Crazy given how just yesterday both banks spoke against a forced merger by SNB. Thoughts on impact of the merger on their IB?
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