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UBS/CS is going to take a very long time to sort out - even once they have the major cuts figured out and deal is closed, there will be years of revenue dis-synergies, integration issues etc.
I still think a BB is better (optionality, branding, etc) than any of those MM banks and would likely still take UBS offer, but I think the deal is going to be a distraction for a while and not immediately a pro for UBS. Maybe a pro in the 5+ year time frame but not immediately
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