UBS will absorb Credit Suisse's Securities Research service later in September, wrapping the business into its own research operations, the bank said in a letter.
Interactive Brokers chief strategist Steve Sosnick and Carnivore Trading CEO Dutch Masters discuss which piece of economic data this week could stir markets on 'The Claman Countdown.'into its own research operations, the bank said in a letter seen by Reuters on Tuesday.
"Credit Suisse will commence the process of terminating coverage on September 18, 2023," Credit Suisse's Research clients were told. The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Reuters/Arnd Wiegmann/File Photo Institutional customers are to be switched to UBS Global Research. Credit Suisse's Wealth Management clientele will not be affected by the transition as they have access to UBS IB Research, a UBS spokesperson said.
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