UBS trying to ease investor concerns about its takeover of
credit suisse. In a letter to shareholders, the
chair of Switzerland's biggest bank, acknowledging that there are
challenges ahead but noted that there are huge opportunities for
the combined bank and for the Swiss Financial Center as
a whole. Also say that the combined bank would
have enough capital to weather the storm. Still shares
of UBS down about 1%. Notably, financial stocks
here in the US are lower today as well.