Citi, BofA, Others Eye Swiss Expansion Post Credit Suisse Buyout

In an effort to expand their businesses, banks like BNP Paribas SA (BNPQY) , Deutsche Bank (DB) , Citigroup (C) and Bank of America Corporation (BAC) are targeting Switzerland. These banks are increasing staffing in the region and trying to woo smaller firms that form the Swiss economy’s foundation.The move comes after UBS Group AG (UBS) became the Swiss banking giant following the acquisition of Credit Suisse in June 2023. UBS had announced the deal to acquire its embattled local rival in March 2023, in an ...