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UBS and Credit Suisse exploring merger — report

Swiss finance blog Inside Paradeplatz reported, citing people inside the organisations, that the chairmen of the two banks have held talks over a possible merger in a project nicknamed Signal

UBS and Credit Suisse are exploring a merger, Swiss finance blog Inside Paradeplatz reported.

The move that would create one of Europe's largest lenders and potentially a so-called European champion to challenge the dominance of large Wall Street investment banks.

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