Credit Suisse Crisis
UBS Vows to Shrink ‘Tricky’ Credit Suisse Investment Bank
- Chairman Keller says unit will be aligned with UBS culture
- UBS taking hard to assess portfolio, wins state guarantee
Source: Bloomberg
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UBS Group AG Chairman Colm Kelleher said he will manage down Credit Suisse Group AG’s investment bank, curtailing a source of losses in recent years in a move that potentially spells the end for plans to carve out parts of the unit under the CS First Boston brand.