How UBS sold off non-core equity assets at lightning speed
More than 40 auctions have been completed since Credit Suisse acquisition, with a little help from a T-Rex
A T-Rex helped UBS dispose of tens of billions of dollars of equity derivatives it acquired in the merger with Credit Suisse.
After the deal closed in June 2023, UBS migrated around $60 billion of Credit Suisse’s legacy derivatives positions to the combined investment bank, including $13 billion of equity derivatives and $18 billion of quantitative investment strategies. A further $230 billion
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