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UBS Aims to Boost Its Dealmaker Ranks, Not Spin Out First Boston

by Dinesh Nair
March 21, 2023
in Business
Reading Time: 1 min read
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UBS executives have told their Credit Suisse counterparts that they prefer selectively bolstering their own investment bank while dumping the riskier operations, the people said, asking for anonymity because the review has just begun and no final decisions have been made. In initial talks, the acquiring bank indicated little interest in continuing the planned effort for a CS First Boston carveout that would create a new competitor, the people said. 





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