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)
