ZURICH, June 6 (Reuters) – UBS expects to reach an agreement with the Swiss government to cover up to 9 billion Swiss francs ($9.92 billion) in losses from its takeover of Credit Suisse by June 7, the Swiss bank said in a filing with the U.S. regulator on Tuesday. .
“UBS Group AG expects an indemnification agreement to be reached by June 7, 2023,” the filing with the U.S. Securities and Exchange Commission said.
According to the statement, the lender also expects to close the Credit Suisse buyout deal in the second quarter of 2023 if the conditions for closing the deal are met or cancelled.
($1 = CHF 0.9075)
The original message in English is available at the code: (Noel Illian, translated by Tomasz Kanik)
2023-06-06 12:01:42
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