The FINANCIAL — Credit Suisse legally merged with Clariden Leu on April 2, 2012, acquiring all of Clariden Leu's assets and liabilities and assuming all of its rights and obligations.
According to Credit Suisse AG, the technical process of integrating all business activities should be complete by the end of 2012. Until that time, any reference to Clariden Leu will be considered legally to be a reference to Credit Suisse. The merger will also make Clariden Leu Holding AG part of Credit Suisse Group AG.
On November 15, 2011, Credit Suisse Group AG announced its intent to integrate its subsidiary Clariden Leu fully into Credit Suisse.