Banking

UBS stands to gain big and but potentially lose bigger in Credit Suisse takeover

Bank is gearing up to gain $34bn in negative goodwill, but investors may view any windfall it as an accounting quirk rather than a sign of strength

UBS sees mark-downs of about $13 billion on Credit Suisse assets and is also estimating that legal liabilities may cost as much as $4 billion over 12 months. Picture: Getty