S&P Global Ratings said it revised its outlook on UBS Group to negative from stable, reflecting pressure on the group’s stand-alone creditworthiness.
P Global Ratings said it lowered its outlook on UBS Group to negative from stable because of concerns related to the Swiss bank’s ability to integrate Credit Suisse.
“This could mean a weakening of the combined group’s competitive position or underperformance against its financial targets because of sizeable restructuring or litigation costs, pressure on revenue capacity, or setbacks in realising cost savings.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS to buy Credit Suisse in bid to avoid global banking crisisBREAKING: Banking giant UBS has agreed to buy its struggling smaller rival Credit Suisse, in a move aimed at easing fears of a global financial crisis. 9News
Read more »
UBS takeover of Credit Suisse alleviates some concerns of another global financial crisisReserve Bank Assistant Governor Christopher Kent says Australia's banks are unquestionably strong as the $US3.2 billion takeover of Credit Suisse by UBS allays some of the nerves about another global financial crisis.
Read more »
Why the Credit Suisse-UBS deal simply must get doneGlobal markets can’t afford for the takeover talks between UBS and stricken Swiss rival Credit Suisse to fail.
Read more »
Credit Suisse Aussie team in the dark on UBS takeoverCredit Suisse’s local bankers, analysts and traders are in the dark as their Swiss overlords talk to regulators and arch rival UBS about a mooted tie-up.
Read more »
UBS to buy Credit Suisse in historic deal to end crisisThe Swiss bank is paying more than $US2 billion for its rival, according to people with knowledge of the matter.
Read more »
UBS to take over Credit SuisseBeleaguered bank Credit Suisse is bought out by Swiss rival UBS as the nation's president says an uncontrolled collapse would have had 'incalculable consequences' for the international finance system.
Read more »