Credit Suisse to merge NAB business

(Marketwatch) Credit Suisse Group AG said Tuesday that it plans to merge the business of its subsidiary Neue Aargauer Bank AG with that of Credit Suisse, and establish a single brand in Canton Aargau, Switzerland. The Swiss bank said the move was part of measures aimed at generating gross cost savings of around 100 million Swiss francs ($109.7 million) a year from 2022 onward.

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