<p>Credit Suisse said it will reduce the volume of new markets business from September 22 while UBS integrates its former rival, the bank said in a letter sent to clients, as the 166-year-old firm winds down trading in global securities.</p>.<p>Increases in positions, or maturity extensions, will now not be possible for clients at Credit Suisse, which trades a wide variety of assets from stocks to currencies.</p>.<p>Existing positions will continue to be serviced.</p>.Punjab National Bank launches app to enable MSMEs access instant loans using GST invoices.<p>"Going forward, UBS shall focus on consolidating new client activity through UBS legal entities," the letter seen by <em>Reuters</em> on Wednesday said.</p>.<p>The move is a further step along UBS's tricky path to absorbing its fallen rival in the first-ever merger of two global systematically important banks.</p>.<p>UBS will report its second-quarter earnings on Thursday, its first results since taking over Credit Suisse earlier this year.</p>
<p>Credit Suisse said it will reduce the volume of new markets business from September 22 while UBS integrates its former rival, the bank said in a letter sent to clients, as the 166-year-old firm winds down trading in global securities.</p>.<p>Increases in positions, or maturity extensions, will now not be possible for clients at Credit Suisse, which trades a wide variety of assets from stocks to currencies.</p>.<p>Existing positions will continue to be serviced.</p>.Punjab National Bank launches app to enable MSMEs access instant loans using GST invoices.<p>"Going forward, UBS shall focus on consolidating new client activity through UBS legal entities," the letter seen by <em>Reuters</em> on Wednesday said.</p>.<p>The move is a further step along UBS's tricky path to absorbing its fallen rival in the first-ever merger of two global systematically important banks.</p>.<p>UBS will report its second-quarter earnings on Thursday, its first results since taking over Credit Suisse earlier this year.</p>