UBS says Credit Suisse integration to practically complete next year

Zurich: Switzerland's biggest bank UBS said it had met its key targets in 2024 for absorbing Credit Suisse and voiced confidence Tuesday it would "substantially complete" the mega-merger by the end of 2026.

"We achieved all key integration milestones in 2024 and significantly reduced execution risk, while our capital position remained robust," chief executive Sergio Ermotti said in a statement, adding: "We are confident in our ability to substantially complete the integration by the end of 2026."