UBS completes transfer of 1.2mn Credit Suisse clients in mammoth integration
Milestone a relief for executives as they battle plans to increase bank’s capital requirements
Milestone a relief for executives as they battle plans to increase bank’s capital requirements

Swiss bank says it has progressed in integrating Credit Suisse and achieved $10bn in cumulative cost savings

Swiss bank resolves outstanding obligations relating to US probe linked to 2008 financial crisis

Volatile markets boost Swiss bank’s markets division but dealmaking remains soft

Discussions came as Colm Kelleher tries to pressure Swiss government to back down over proposed capital rules

Bank had set internal goal of reducing headcount to 85,000 from peak of 119,000

It is not in the country’s interests for its biggest bank to be uncompetitive