BRIEF-UBS Sets Aside $4 Bln For Potential Lawsuits On Credit Suisse Deal - Presentation


Reuters | Updated: 17-05-2023 04:31 IST | Created: 17-05-2023 04:31 IST
BRIEF-UBS Sets Aside $4 Bln For Potential Lawsuits On Credit Suisse Deal - Presentation

UBS: * ALL OF GOODWILL AND INTANGIBLES ADJUSTMENTS REALTED TO CS DEAL ARE NEUTRAL TO TANGIBLE EQUITY AND CET1 - PRESENTATION

* ADDITIONAL $4.0BN IN PROVISIONS RELATED TO CS DEAL REFLECTS THE POSSIBLE OUTFLOWS FROM LITIGATION, REGULATORY AND SIMILAR MATTERS * RESTRUCTURING PROVISION MAY BE BOOKED AFTER CS TRANSACTION CLOSES - PRESENTATION

* CO, SWISS GOVERNMENT WILL FURTHER REVIEW A PROFIT AND LOSS SHARING AGREEMENT FOR THE CASE IF LOSSES EXCEED CHF 14BN RELATED TO CS DEAL * SEES MARK-DOWN OF $9.9 BILLION IN FAIR VALUE ADJUSTMENTS ON FINANCIAL ASSETS RELATED TO CS DEAL

* SEES $3.1 BILLION IN FAIR VALUE ADJUSTMENTS ON FINANCIAL LIABILITIES RELATED TO CS DEAL Source text: (https://bit.ly/3Mxw4tB) Further company coverage:

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