On Monday, UBS announced that it had successfully completed the emergency takeover of its struggling local competitor Credit Suisse (CSGN.S), resulting in the creation of a massive Swiss bank with a $1.6 trillion balance sheet and stronger strength in wealth management. According to a statement by USB, the largest banking transaction since the global financial crisis of 2008 will provide 'challenges' as well as "many opportunities" for its customers, workers, shareholders, and Switzerland. UBS Takeover of Credit Suisse: Switzerland Considering Full or Partial Nationalisation of Financial Firm. 

UBS Completes Takeover of Credit Suisse

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