"UBS" Expects $17 Billion Loss After Acquiring "Credit Suisse"

UBS Group reported in a presentation on Wednesday that it expects a financial loss of about $17 billion following its acquisition of Credit Suisse. UBS anticipates a negative impact of $13 billion from fair value adjustments of the assets and liabilities of the merged group. The bank also expects to incur $4 billion in potential lawsuits and regulatory costs resulting from capital exits. However, the bank's financial reserves will help absorb potential losses and may lead to increased profits in the second quarter of the year if UBS completes the deal next month as planned.