UBS Might Delay 2Q Result Amid Credit Suisse Takeover, the Financial Times Reports
05 Juni 2023 - 9:34AM
Dow Jones News
-- UBS Group is considering delaying the publication of its
second-quarter results until the end of August amid its acquisition
of peer Credit Suisse Group, the Financial Times reported Sunday
citing unnamed sources.
-- At that time, UBS executives might also update investors on
their plans for Credit Suisse's domestic business, the sources told
the Financial Times.
-- UBS is scheduled to report its second-quarter results on July
25, but a notice on its website says publication "may change
depending on the timing of the closing of the anticipated
acquisition of Credit Suisse." The bank said Monday that it expects
to complete its acquisition of Credit Suisse as early as June
12.
-- A spokesman for UBS declined to comment when approached by
Dow Jones Newswires.
Full story: https://shorturl.at/DEGJU
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
June 05, 2023 03:19 ET (07:19 GMT)
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