According to reports, UBS encountered obstacles when transferring accounts of ultra-wealthy clients from Credit Suisse

According to a report by Reuters, UBS has postponed the transfer of some Credit Suisse ultra-high-net-worth clients to its own platform by several months. A spokesperson for the bank emphasized that the work is proceeding as planned in response to rumors. The bank aims to complete the transfer of Credit Suisse Swiss client accounts to UBS by the end of March next year.

The report cites sources indicating that UBS has pushed back the transfer of UBS Wealth Management clients to the first quarter of next year, including ultra-high-net-worth clients. Some very wealthy clients were originally scheduled to transfer to UBS in September, but this work has been postponed until January next year.

UBS urgently acquired Credit Suisse in 2023 and has stated that it expects to largely complete the integration with Credit Suisse by the end of next year. Investors are closely monitoring the progress of technology and data integration, as this is a key part of UBS's commitment to save $13 billion in costs after the merger