Koerner will be the only executive from Credit Suisse to remain on board after the bank is absorbed by UBS. The Swiss government strongarmed UBS into buying its rival for $3.25 billion after the collapse of three US lenders in March raised concerns about Credit Suisse's own financial health following...
Credit Suisse merger the right choice despite risks: UBS
Shareholders of both banks had no say in the mega-merger, which was engineered by the Swiss government, the central bank and the financial regulators FINMA. The UBS annual general meeting comes the day after Credit Suisse held its stormy final AGM.
UBS shareholders grill bosses over Credit Suisse mega-merger
The annual general meeting of UBS is being held in the St. Jakobshalle indoor arena, famously the stomping ground of Swiss tennis great Roger Federer - Credit Suisse's top brand ambassador. The meeting will see Dutch chief executive Ralph Hamers bow out. Once the AGM is over, Sergio Ermotti returns...
