Deals
UBS Chairman Weber Revives Megamerger Vision With Deal Wish List
- Deutsche Bank, BNP, Credit Suisse are among potential partners
- Weber has previously looked at doing a deal with Deutsche Bank
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UBS Group AG Chairman Axel Weber is reviving a decade-long push for a mega-merger to create a European banking behemoth that can compete with U.S. rivals.
Weber has drawn up a wish list of possible partners for a potential deal including Deutsche Bank AG, BNP Paribas SA as well as local competitor Credit Suisse Group AG, people with knowledge of the matter said, asking not to be identified because the deliberations are private. The German executive sees a deal with Deutsche Bank among the most favored scenarios, one person said.