UBS on Tuesday said it may close its controversial acquisition of Credit Suisse as early as next month, as the bank reported a decline in profit.
In a slide in its earnings presentation, UBS UBS flagged the possibility that its deal to buy Credit Suisse CS will close in May, as its new CEO Sergio Ermotti pointed out that Swiss, U.K. and U.S. authorities have green-lighted the deal.In a slide in its earnings presentation, UBS UBS flagged the possibility that its deal to buy Credit Suisse CS will close in May, as its new CEO Sergio Ermotti pointed out that Swiss, U.K. and U.S. authorities have green-lighted the deal.
UBS agreed to buy Credit Suisse in a deal backstopped by Swiss authorities and valued initially at 3 billion francs
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