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

Credit Suisse AG

06/06/2023 11:51

ZURICH, June 6 (Reuters) - UBS  UBSG.S  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  CSGN.S  by June 7, the
Swiss bank said in a regulatory filing published on Tuesday.
    "UBS Group AG 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)

 (Reporting by Noele Illien, editing by John Revill)
 ((Noele.Illien@thomsonreuters.com; +41 41 528 39 73;))