Two days after UBS agreed to spend $3.25 billion to rescue his competitor, Credit SuisseBank executives are trying to convince investors of the benefits of a “marriage” that was “made at gunpoint,” the Financial Times notes in its analysis.

OUR Ralph Hammersits CEO UBStold the FT that the deal “is not just about bringing the two companies together” but “how we can create an even bigger UBS”.

This is the salvation through which is created the world’s fourth largest bank by assets (with 120,000 employees and $5 trillion in assets under management), some fear it could distract UBS executives.

UBS executives, however, say they were not forced into a deal that would boost the bank’s earnings per share by 2027 at the latest. The same executives point to the low price they paid for the company, which had a market capitalization of $7.5 billion last week, and the $108 billion it committed to provide as a liquidity safety line from the Swiss Central Bank.

With $3.4 trillion in asset management assets, UBS second largest private bank in the world, behind Morgan Stanley. He will also become the largest wealth manager in Southeast Asia and the Middle East and one of the top managers in Latin America thanks to Credit Suisse Brazil.

However, the deal will not help UBS grow in USAafter Credit Suisse exited the US market in 2015.

In recent months, UBS has seen customers leave Credit Suisse for it. “The influx we’ve seen last week proves we are a safe haven,” Ralph Hammers told analysts.

However, UBS will no longer be seen as an alternative to Credit Suisse, and as such, wealthy clients may be tempted to send their money elsewhere. Julius Baer, ​​which has a strong presence in Asia, is expected to benefit, with its share price up 13% this week.

UBS and Credit Suisse together after the bailout have more than 35,000 employees in Switzerland alone (Credit Suisse has about 17,000 there). However, many of these jobs could be lost in the future as UBS begins to close branches and cut redundant positions. For now, however, UBS appears unwilling to “get rid” of local bank Credit Suisse, which the FT says is the most valuable asset of the bailed-out Swiss bank.

Combining UBS’s $1.1 trillion asset management business with Credit Suisse’s $400 billion business creates third largest asset manager in Europe.

By far the most unreliable of Credit Suisse’s divisions is his investment bank, as noted by FT. This division has reportedly been the source of most of Credit Suisse’s scandals and losses in recent years, and in that light, many of Credit Suisse’s 17,000 investment bankers could lose their jobs.

According to FT