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. Last Updated: 07/27/2016

Swiss Bank Merger

ZURICH () -- Union Bank of Switzerland, the largest Swiss bank, said Tuesday its board would decide this week on a proposed merger with the country's No. 2 banking group.

UBS made the announcement moments after CS Holding confirmed it had suggested the merger. The proposal follows the announcement last month of one of the largest mergers in corporate history, linking two of the big Swiss drug groups, Ciba-Geigy and Sandoz.