WASHINGTON, April 14 (Reuters) - The Federal Reserve
Board of Governors on Friday said it has approved UBS Group AG's
acquisition of the U.S. subsidiaries of Credit Suisse Group AG,
clearing the way for the Swiss-brokered deal in the U.S.
UBS has committed to give the U.S. central bank an
implementation plan for combining its U.S. business and
operations with those of Credit Suisse. The plan will include
more stringent requirements including liquidity standards for
the bank, the Fed's Board said in a statement.
(Reporting by Chris Prentice, Hannah Lang and Ann Saphir;
Editing by Dan Burns and Paul Simao)
Messaging: paul.simao.thomsonreuters.com@reuters.net))
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