UBS chair Colm Kelleher was driving back to Zurich from Bern in March 2023 when his phone rang.
The Irish banker was heading home after a weekend of tumultuous negotiations that had culminated in a historic $3.25bn deal to rescue UBS’s rival Credit Suisse.
On the other end of the line was Jamie Dimon, chief executive of US giant JPMorgan Chase and a veteran of emergency bank takeovers, calling to offer a piece of advice, even as he thanked Kelleher for his contribution in stabilising the global banking system.
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