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 Group AG is gearing up for an estimated $34.8 billion (€32.1 billion) gain as a result of its emergency takeover of Credit Suisse Group AG, while warning it faces billions in potential legal and regulatory costs from the rescue of its stricken former rival.
The Swiss bank stands to benefit from the combined firms’ negative goodwill, based on a first assessment it has made on data as of the end of 2022, according to ...