Bank needs more time after CS takeover: UBS won’t release quarterly figures until end of August

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It was leaked to the media over the weekend – now official according to the UBS website: the major bank is delaying releasing its second-quarter figures until August 31.

The broadcast was originally scheduled for July 25. However, the bank is currently preparing to take over CS. There was speculation in the media that UBS might withdraw the broadcast.

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According to a spokesperson, UBS is looking to purchase additional time. Because the aim is to present the consolidated business figures to investors and the public. (pbe/SDA)

Source :Blick

Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.