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of <h1>CCI Approves UBS Group AG's Merger with Credit Suisse Group AG in Major Banking Consolidation Move.</h1> The Competition Commission of India has approved the merger of Credit Suisse Group AG with UBS Group AG. Both entities are multinational investment banks and financial services companies based in Switzerland with global operations. In India, UBS focuses on brokerage services, while Credit Suisse offers wealth management and investment banking services. The merger involves UBS absorbing Credit Suisse, with UBS remaining as the surviving legal entity. A detailed order from the CCI is expected to follow.
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