UBS flags $17B hit from Credit Suisse takeover

UBS 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. UBS estimates a negative impact of $13 billion from fair value adjustments of the combined … Continue reading UBS flags $17B hit from Credit Suisse takeover