Leadership at two of the largest Swiss banks are exploring a merger that could create the biggest bank in Europe, according to a report from Inside Paradeplatz on Monday, September 14.
Chairmen of both UBS and Credit Suisse have been involved in the potential deal, nicknamed Signal, which could be announced as soon as early 2021, the financial news blog reported, citing two unidentified sources at the banks.
Inside Paradeplatz, which takes its name from Zurich’s main financial square where both banks are headquartered, reported that Switzerland’s Finance Minister, Ueli Maurer, has also been involved in the discussions.
A merger of the two financial powerhouses would create one of the largest banks in Europe, with deposits totaling around €1.6 trillion. That would rank the combined bank as fourth in the continent, behind HSBC, BNP Paribas, and Credit Agricole.
Full Content: Inside Paradeplatz
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI