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.
UBS Group AG has prioritised integrating Credit Suisse's investment bank and accelerating cost-cutting, the Financial Times reported on Friday, citing people involved in the planning.
UBS' John Hodulik discusses Disney's Q2 earnings report.
UBS could have to lure investors with significantly higher yields when it next sells Additional Tier 1 bonds, paying what analysts say could be a punitive price for a Swiss decision to wipe out Credit
UBS Group said on Tuesday that Credit Suisse CEO Ulrich Körner will stay on after the takeover of its Swiss rival as part of a new leadership team of the combined group.
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