"Today, Credit Suisse AG has been deregistered in the Commercial Register of the Canton of Zurich," UBS said in a statement on Friday. It "has ceased to exist as a separate entity." The merger is an important next step in the task faced by UBS to see through the massive integration of the smaller bank. It is "critical to facilitating the migration of clients onto UBS platforms" and it will "unlock the next phase of cost, capital, funding and tax benefits," CEO Sergio Ermotti said.
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