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
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