UBS estimated financial consequences of purchases Credit Suisse Group AG

UBS expects the single income in the size of $34,8 billion from purchase Credit Suisse Group AG because the negative goodwill banks reduced its cost. About this UBS reported today, on May 17, in the document filed to Securities and Exchange Commission of the USA by United States of America. UBS estimates potential negative financial effect of the transaction at $17 billion. It is connected with adjustment of cost of assets and debts banks, possible legal costs etc. In the whole UBS notes that the profit on the transaction blocks the related costs. So if the transaction, as well as is planned, it will be closed in June, it...