Zurich bank looks to capitalise on Credit Suisse's demise

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The largest of Switzerland's state-owned cantonal banks expects a boost in growth from the planned merger of UBS and Credit Suisse , its chief executive has told Reuters.

Zuercher Kantonalbank , known locally as ZKB, is already winning customers looking for a safe haven, CEO Urs Baumann told Reuters.

Baumann, who joined ZKB last September, said he expected to attract customers who may have held accounts at both UBS and Credit Suisse, as they may not want to hold all their money in one bank.

Source: News Formal (newsformal.com)

 

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