[1/3] Photograph du brand de la banque suisse UBS. /Photograph prise le 25 octobre 2022 à Zurich, Suisse/REUTERS/Arnd Wiegmann
June 4 (Reuters) – UBS (UBSG.S) is contemplating delaying its quarterly outcomes at the very least till the tip of August, because the Swiss banking large offers with complexities over its takeover of Credit score Suisse (CSGN.S), the Monetary Occasions reported on Sunday.
The financial institution is scheduled to report its April-June outcomes on July 25. A discover on the financial institution’s web site says the anticipated date could change.
“Publication date could change relying on the timing of the closing of the anticipated acquisition of Credit score Suisse,” the discover says.
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 stated, citing individuals accustomed to the matter whom the newspaper didn’t identify.
UBS, which agreed in March to take over its smaller rival as a part of a rescue orchestrated by Swiss authorities, has stated it goals to shut the deal shortly.
Chief Government Sergio Ermotti final week warned of painful selections about job cuts following the takeover which he stated he hoped could be formalised within the coming days.
Reporting by Mrinmay Dey in Bengaluru; Enhancing by William Mallard and Sonali Paul
: .