UBS considers delaying quarterly outcomes after Credit score Suisse rescue: FT report

The financial institution is scheduled to report its April-June outcomes on July 25.

UBS didn’t instantly reply to a request for touch upon the report.

Executives at Switzerland’s greatest financial institution are weighing delaying the publication of outcomes together with an replace on the plans for Credit score Suisse’s home enterprise, the report mentioned, citing folks acquainted with the matter whom the newspaper didn’t title.

UBS, which agreed in March to take over its smaller rival as a part of a rescue orchestrated by Swiss authorities, has mentioned it goals to shut the deal rapidly.

Chief Government Sergio Ermotti final week warned of painful choices about job cuts following the takeover which he mentioned he hoped could be formalized within the coming days.