The integration team tasked with merging Switzerland's two largest banks is to be headed by UBS's chief technology officer and Credit Suisse's chief operating officer, the Tages-Anzeiger newspaper reported on Saturday.
Mike Dargan, who has been with UBS for 7 years, and Francesca McDonagh, who joined Credit Suisse last September, will be tasked with unifying the two banks.Credit Suisse for 3 billion Swiss francs in stock and to assume up to 5 billion francs in losses, in a merger engineered by Swiss authorities.
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