UBS expects agreement on Credit Suisse loss guarantee by June 7 – SEC filing

ZURICH (Reuters) – UBS expects to finalize its agreement with the Swiss government to cover up to 9 billion Swiss francs ($9.92 billion)in losses from its emergency takeover of Credit Suisse by June 7, the Swiss bank said in a regulatory filing published on Tuesday.

“UBS Group AG (SIX:) expects that the Loss Protection Agreement will be finalized by June 7, 2023,” it said in a filing with the U.S. Securities and Exchange Commission.

($1 = 0.9075 Swiss francs)