UBS Completes Historic Takeover as Credit Suisse Ends (1)

UBS Group AG completed the historic acquisition of its former rival Credit Suisse, marking a new chapter for the Swiss financial sector as the defunct bank’s legal existence has formally ended.

“Today, Credit Suisse AG has been deregistered in the Commercial Register of the Canton of Zurich,” UBS said in a statement on Friday. It “has ceased to exist as a separate entity.”

The merger is an important next step in the task faced by UBS to see through the massive integration of the smaller bank. It’s “critical to facilitating the migration of clients onto UBS platforms” and it ...