UBS flags $17bn hit from Credit Suisse takeover

UBS bought Credit Suisse in a shotgun marriage organised by the Swiss government. Photo: Arnd Wiegmann/Reuters — © REUTERS

John Revill and Selena Li

UBS Group AG expects a financial hit of about $17bn from the takeover of Credit Suisse Group AG, the bank said in a regulatory presentation as it prepares to complete the rescue of its struggling Swiss rival.