Bloomberg Mar. 17, 2023
UBS Group AG and CreditSuisse Group AG are opposed to a forced combination,even as scenario planning for a government-orchestrated tie-up continues,according to people with knowledge of the matter.
UBS would prefer to focus on its own wealth-centric standalone strategyand is reluctant to take on risks related to CreditSuisse, the people said, asking not to be identified as thedeliberations are private. Its smaller rival [CS] is seeking time to see through its turnaround after winning a liquidity backstop from thecentral bank, they said.
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