UBS Group AG has given an update on the integration of Credit Suisse Group AG, which was acquired in March 2023. This acquisition was important for stabilizing the European banking sector during a potential crisis in global financial markets.

Beatriz Martin, who is in charge of non-core and legacy operations at UBS, is playing a key role in the restructuring efforts. In a recent discussion on the program "In the City," she discussed her strategy for evaluating Credit Suisse's assets and deciding which ones to keep and which ones to phase out. The progress made so far demonstrates the challenges involved in managing such a significant transition in the banking industry.