UBS Names South Korea, India, Others as 'Slow' to Nod Credit Suisse Deal - Reuters

(Updated - September 19, 2023 5:20 AM EDT)

UBS Names South Korea, India, Others as 'Slow' to Nod Credit Suisse Deal - Reuters

• UBS Group AG mentions at least four countries including South Korea and India as "slow" in granting regulatory approvals needed complete its takeover of Credit Suisse.
• UBS has also named Ireland and Saudi Arabia as "slow jurisdictions," according to a document dated Sept. 6.
• "Non-cooperative regulators could put transactions such as the Swiss bank merger at risk."
• The uncertainties in securing regulatory nods could also lead to winding down businesses and asset sales - the bank says in the documents.

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