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

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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

Our Standards: The Thomson Reuters Trust Principles.

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