Credit Suisse - UBS Merger?
https://www.financemagnates.com/institutional-forex/ubs-and-credit-suisse-might-merge-as-one-entity/ Any insights?
theres like a 0.1% chance this will happen😂
This happened
Regulators in CH will never let this happen, but it should. Both banks have floundered for years and need each other to build scale and compete
Theatrics for a share boost. A banking conglomerate like that is no good for anyone but shareholders.
Very hard to believe that this would be allowed by the regulators. It would be like Verizon and AT&T merging (though UBS did take bailout money during the 2008 crisis while CS did not).
So putting two hard to regulate crooked Swiss banks together into one giant crooked Swiss bank is supposed to get a pass by regulators? There’s a reason why we haven’t had any consolidation in the US with the money center and major Investment banks since Lehman.
In the event that this does happen...who takes over who? Doesn’t reallly matter I know
Re: DB and Commerzbank merger.
Might be more of an international thing than US
There is certainly higher incentive to make this happen then other mergers. These are successful banks each with their individual strengths. As to being an employee of the bank, it’s probably net negative. Unless you are a very large producer - and larger than the equivalent producer at the other bank! The top employees and revenue drivers should expect a increase in compensation (5-15% on average), while the operational functions will see a net reduction in TC as part of the cost control tactics done in almost all mergers.
Haven't heard anything at our office...