UBS Chairman Is Said to Mull Merger With Credit Suisse

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Shares of UBS  (UBS) – Get Report and Credit Suisse  (CS) – Get Report rose on Monday after a media report said UBS Chairman Axel Weber was examining the possibility of a merger between the two Swiss banking giants. The coronavirus pandemic and low or negative interest rates have buffeted banks around […]

Shares of UBS  (UBS) – Get Report and Credit Suisse  (CS) – Get Report rose on Monday after a media report said UBS Chairman Axel Weber was examining the possibility of a merger between the two Swiss banking giants.

The coronavirus pandemic and low or negative interest rates have buffeted banks around the world.

UBS shares recently traded at $12.54, up 2.4%. They have eased 0.3% so far this year. Credit Suisse American depositary receipts srecently traded at $11.24, up 4.5%. They have fallen 16% year to date.

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