![UBS Group Expects $17 Billion Financial Hit from Credit Suisse Takeover News Updates (19)](https://androidmediacell.com/wp-content/uploads/2022/08/News-Updates-19.jpg)
UBS Group Expects $17 Billion Financial Hit from Credit Suisse Takeover
UBS Group AG (UBSG.S) has announced that it anticipates a substantial financial impact of approximately $17 billion due to its takeover of Credit Suisse Group AG (CSGN.S). In a regulatory presentation, UBS revealed its projections as it prepares to complete the rescue of its struggling Swiss rival. The estimated negative impact of $13 billion is…