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Bank: UBS in discussions with Swiss authorities

25/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Le mardi 22 mai 2023, UBS said it is in discussions with the Swiss authorities. These discussions revolve around protections against losses associated with the Credit Suisse takeover.

UBS is a financial services company headquartered in Zurich and Basel, Switzerland.

In a regulatory document, UBS announced that negotiations regarding a final agreement on loss protection are continuing. The group expected the details of a loss protection agreement to be worked out before the Credit Suisse acquisition was finalized. However, UBS, which plans to complete the acquisition of Credit Suisse by the beginning of June, said it did not expect these issues to be resolved before

then.
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