Earlier, Reuters Reported UBS Said S. Korea, India, Ireland And Saudi Arabia Are Slow In Granting Approvals Related To Credit Suisse Takeover; Said Uncertainties In Securing Regulatory Approvals Could Lead To Winding Down Businesses And Asset Sales
Portfolio Pulse from Charles Gross
UBS has reported that South Korea, India, Ireland, and Saudi Arabia are slow in granting approvals related to the takeover of Credit Suisse. This could lead to winding down businesses and asset sales due to uncertainties in securing regulatory approvals, according to an internal document cited by Reuters.
September 19, 2023 | 8:43 am
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NEGATIVE IMPACT
The takeover of Credit Suisse by UBS is facing delays due to slow regulatory approvals in several countries. This could potentially lead to the winding down of businesses and asset sales.
The delay in regulatory approvals for the takeover of Credit Suisse by UBS in several countries could lead to negative consequences such as winding down businesses and asset sales. This uncertainty could potentially impact Credit Suisse's stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UBS's takeover of Credit Suisse is facing delays due to slow regulatory approvals in several countries. This could potentially lead to the winding down of businesses and asset sales.
The delay in regulatory approvals for the takeover of Credit Suisse by UBS in several countries could lead to negative consequences such as winding down businesses and asset sales. This uncertainty could potentially impact UBS's stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100