ZURICH – UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.
The coming months are likely to be “bumpy”, warned UBS chief Sergio Ermotti on Friday, adding the integration will come with “waves” of difficult decisions, particularly regarding employment.
The country’s leading bank UBS was forced into a marriage to prevent its rival from going under, but it hasn’t waited for Monday to start preparing to absorb Credit Suisse.
But “from Monday onward, UBS can start to be proactive,” Andreas Venditti, a…
