UBS veteran boss Ermotti may have pulled off the deal of the decade with the Credit Suisse rescue

After an intense weekend of negotiations in March 2023, Swiss banking giant UBS agreed to buy its embattled rival Credit Suisse.Despite the attractive purchase price of $3.2 billion, investors were concerned about whether UBS would manage to turn around Credit Suisse's investment banking business — an old source of problems. UBS had also become one the biggest banks in Europe, raising political and regulatory fears.At the time, investors were "very concerned" about the complexity of the deal and whether UBS ...