UBS will publish on Aug. 31 its first earnings report since a hastily arranged takeover of its Swiss rival Credit Suisse, shedding new light on the deal's impact and the inner workings of the new banking giant. UBS's results will include a separate disclosure for Credit Suisse, granting a more detailed overview of its problems, which UBS has now taken on. The information will show the extent of the damage to Credit Suisse's standing with customers and, in particular, its stricken wealth management arm, in the wake of the bank's rescue, arranged over one March weekend by Swiss authorities.
UBS is set to release its first earnings report since acquiring Credit Suisse, providing insight into the impact of the deal. The report will include a separate disclosure for Credit Suisse, revealing the extent of damage to its standing and wealth management arm. Analysts will also be looking for signs of clients leaving UBS, as some may move their money elsewhere to mitigate risk. UBS s decision on what to do with Credit Suisse s Swiss arm is eagerly awaited, with options including spinning it off or fully integrating it. Job cuts and the size of the restructuring program will also be closely watched.
UBS will publish on
Aug. 31 its first earnings report since a hastily arranged
takeover of its Swiss rival Credit Suisse, shedding new light on
the deal s impact and the inner workings of the new.
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