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UBS, Credit Suisse may join hands in investment banking

Swiss bank UBS may merge its investment banking arm with that of Credit Suisse to create a behemoth in investment banking, according to sources. Eric Knight, head of activist investor Knight Vinke, has been quoted as saying UBS and Credit Suisse should combine their investment banks and such a combination could be an interesting way to reach critical mass and the shareholders of both groups could profit from large synergy effects. He also said there are possibilities of other partners, say for example, Deutsche Bank. Knight has previously said he believes UBS’s wealth management business would thrive on its own and took a roughly 1% stake last year in the group to campaign for a split.

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