1153 GMT - UBS Group and Credit Suisse Group are among the most mentioned companies across news items over the past 12 hours, according to Factiva data. UBS said Monday it completed the acquisition of its troubled Swiss peer, marking the end of Credit Suisse's 167 years of independence and kicking off an integration process that is expected to take between three and five years. Monday marks the last day of trading for Credit Suisse's on the SIX Swiss Exchange, while its American depositary shares will no longer be traded on the New York Stock Exchange, UBS said. The deal is the first between two global systemically important banks for the first time, UBS Chairman Colm Kelleher said. UBS will initially manage Credit Suisse as a separate bank pending further integration and will report second-quarter results for the combined entity on Aug. 31. Dow Jones & Co. owns Factiva.(adria.calatayud@dowjones.com)


(END) Dow Jones Newswires

06-12-23 0808ET