Swiss Regulation Threatens UBS's 'Deal of Decade,' Analysts Say
UBS Group AG is handling the Credit Suisse integration well, but regulatory headwinds may hinder the acquisition's success, according to Deutsche Bank AG analysts.
The bank is well on track to make it the deal of the decade as the benefits of greater scale across divisions become more visible. However, this could be materially derailed by regulation and the new AT1 legal case.
Since the government-brokered deal over two years ago, UBS has made significant progress, including cutting staff and risky clients, running down assets, and consolidating its IT infrastructure.
Author's summary: UBS's acquisition faces regulatory challenges.
- UBS has cut staff and risky clients
- Run down assets and moved past legacy legal cases
- Consolidated its IT infrastructure
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