Ubs Group (CH:UBSG) has released an update.
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UBS Group AG has released unaudited pro forma financial information, indicating the effects of its acquisition of Credit Suisse Group AG as if the transaction had occurred at the start of 2023. The summary financials combine UBS’s audited statements for 2023 with Credit Suisse’s unaudited results for the first five months of 2023, adjusted to match UBS’s accounting practices. This combined report, while provisional, suggests a significant financial integration following the acquisition, with potential adjustments as more information becomes available.
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