UBS expects $34.8 billion ‘negative goodwill’ from Credit Suisse deal
Approximately an hour before the close of the market, Reuters reported that UBS had announced it would be recording a one-time gain of $34.8 billion from the acquisition of Credit Suisse at a fraction of its book value. Additionally, Reuters provided a comprehensive overview of the potential costs and benefits of the deal that UBS had disclosed in a lengthy filing with U.S. regulators.0
