UBS sets aside $4 billion for potential lawsuits on Credit Suisse deal
(Reuters) -Swiss bank UBS Group AG has set aside $4 billion in provisions for potential litigation and regulatory issues stemming from its takeover of Credit Suisse, the bank said in a filing on Tuesday, as it prepared to complete the rescue of its Swiss rival. UBS estimated a “negative goodwill” of $34.8 billion from its acquisition of Credit Suisse. The transaction’s massive one-off gain, a result of “negative goodwill” attached […]