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Head of UBS: We did not buy Credit Suisse to close

ZURICH, March 27 (Reuters) – Swiss bank UBS
considers a government-organized takeover of
rival Credit Suisse as a growth opportunity,
UBS chief executive Ralph Hamers said on Monday,
according to an internal memo seen by

“Although we were not the ones who initiated this deal, we were (prepared for it)
ready and see it as an opportunity to accelerate the history
development of our firm,” Hamers wrote. – We didn’t buy Credit
Suisse not just to close it.”

The original message in English is available by code:
(Noel Illien, translated by Tomasz Kanik)

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