Could UBS and C Suisse merge their investment banks ?

'The fusion would create a top player'.

UBS could combine its investment banking arm with that of Credit Suisse to create a top player, Eric Knight, head of activist investor Knight Vinke, was quoted as saying in an interview with a Swiss paper on Sunday.

Reuters reports that Knight Vinke said last month UBS should look at spinning off or merging its investment bank so the group can focus on its wealth and asset management businesses.

Asked whether he thought UBS and Credit Suisse should combine their investment banks, Knight told Sonntagszeitung: 'Such a combination could be an interesting way to reach critical mass and the shareholders of both groups could profit from large synergy effects.

'The fusion would create a top player. But there are other possible partners, for instance Deutsche Bank', he was quoted as saying.

Hit the link below to access the complete Reuters article:

UBS and Credit Suisse could combine investment banks - investor

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