Fair value adjustments of the combined group's financial assets and liabilities, litigation provisions, and other factors are expected to hit UBS Group (UBS) shareholders' equity by $28.3 billion.

UBS says it was rushed into Credit Suisse deal

11:06am, Wednesday, 17'th May 2023
UBS Group AG (NYSE:UBS) did not want to buy Credit Suisse Group AG (NYSE:CS) and was rushed into purchasing the failed bank for close to US$3.5bln, according to a regulatory document. The Swiss lender

5 Things to Know Before Markets Open

10:30am, Wednesday, 17'th May 2023
House Speaker Kevin McCarthy said a debt ceiling deal could be ready by the end of the week and Target's earnings show that consumers are buying more necessities and fewer discretionary items. Here's
UBS says it will absorb costs related to litigation, regulatory matters and liability adjustments in emergency rescue
UBS will also set aside $4 billion for legal expenses from the deal.
UBS said it didn't want to acquire its rival and its inability to do thorough due diligence means it's possible it “agreed to a rescue that is considerably more difficult and risky than it had conte
UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.
The Swiss bank released new details about the acquisition's likely impact on its balance sheet.
UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it did not want, as a global bank crisis worsened the latter's finances and prompted authorities to take swift act
Swiss bank UBS Group AG said on Tuesday it estimated a "negative goodwill" of $34.8 billion from its acquisition of Credit Suisse.
EU antitrust regulators are expected to give unconditional clearance to UBS' planned takeover of struggling fellow Swiss bank Credit Suisse following the end of its preliminary review, people familiar
At least seven top Barclays Plc bankers have resigned to join to UBS Group AG in the United States in the last few days, people familiar with the matter said.
Regional banks remain under pressure 10 weeks after the start of the bank crisis. Regulators, JPMorgan's Jamie Dimon aim at short sellers.
Collapsed Swiss bank Credit Suisse Group AG (NYSE:CS) is no longer seeing outflows, Sergio Ermotti, the chief executive officer at its new owner  UBS Group AG (NYSE:UBS), has confirmed. The newly ap
UBS Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and he did not think outflows at the embattled bank were continuing.
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