Categories: Market

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

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UBS CEO Sergio Ermotti was late in releasing the figures for the second quarter.

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.

More about UBS
After the fund author
50 CS bankers go to court over bonus loss
Top bankers benefited
Hidden bonuses at Credit Suisse?
After the financial crisis and CS-Ko
This is why Switzerland is no longer a banking country

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

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