UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.
"If the circumstances of the due diligence affected UBS Group AG's ability to thoroughly consider Credit Suisse's liabilities and weaknesses, it is possible that UBS Group AG will have agreed to a rescue that is considerably more difficult and risky than it had contemplated," UBS said in the Risk Factors section of the filing.
before shareholdings, defying the conventional order of write downs and resulting in legal action from AT1 bondholders.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
UBS flags $17 bln hit from Credit Suisse takeoverUBS Group AG expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AG , the bank said in a presentation early on Wednesday as it prepares to complete the rescue of its struggling Swiss rival.
Leer más »
UBS flags $17 billion hit from Credit Suisse takeoverUBS Group AG expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AG , the bank said in a presentation early on Wednesday as it prepares to complete the rescue of its struggling Swiss rival.
Leer más »
Rising Credit Card Balances Drive US Household Debt to Record $17 TrillionU.S. household debt balances hit a record of $17 trillion during the first quarter of 2023, up 0.9% from the fourth quarter of last year. See potential biases and similarities in reports from cnnbusiness, dcexaminer and cnbc:
Leer más »
Exclusive: UBS set to gain EU nod for Credit Suisse deal, sources sayUBS is expected to secure unconditional European Union antitrust approval for its planned takeover of struggling Credit Suisse , people familiar with the matter said on Tuesday, putting the Swiss bank closer to completing the deal.
Leer más »
UBS Prepares for $4 Billion Legal Hit From Credit Suisse DealUBS said it has set aside $4 billion to cover potential legal and regulatory costs from its acquisition of Credit Suisse
Leer más »
Consumer debt passes $17 trillion for the first time despite slide in mortgage demandThe total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period.
Leer más »