Comment from Blick Online on the Dissolution of UBS Loss Guarantees
Published: Friday, Aug 11th 2023, 13:41
Updated At: Friday, Oct 13th 2023, 14:12
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The UBS has announced the dissolution of its loss guarantees, indicating that it feels confident enough to handle the takeover of CS on its own. This is a positive sign, but it also raises the question of whether the UBS may have overstated the losses of CS in the spring in order to drive down the purchase price. If it is now clear that the losses of CS are only a few billion francs, then the CS may have been worth more than the three billion francs that the UBS was willing to pay for it.nnnnnnnn
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