UBS commits to give the Federal Reserve an implementation plan for combining its US business and operations with those of Credit Suisse within three months of consummating the deal.
UBS secured a temporary approval from European Union antitrust regulators earlier this month but still needs to seek clearance under EU merger rules. The Bank of England has approved the takeover in the United Kingdom, people familiar with the process told Reuters.
UBS has said it expects the deal to create a business with more than $5 trillion in total invested assets.
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