UBS discusses Credit Suisse deal protections with Swiss authorities.
UBS is in negotiations with Swiss authorities regarding loss protections related to its takeover of Credit Suisse and its regulatory capital requirements. The Swiss government agreed to shoulder up to 9 billion Swiss francs in potential losses from the deal and offered liquidity assistance of up to 100 billion Swiss francs. However, a definitive loss protection agreement remains under negotiation. UBS expects the main terms of the loss protection agreement to be agreed prior to the acquisition of Credit Suisse being completed.