UBS Mulls Delaying Q2 Results Following Credit Suisse Rescue
UBS may delay its quarterly results until the end of August due to the complexities of its takeover of Credit Suisse, including combining the two banks' accounting systems that follow different standards. The original merger plan has caused concerns over branch closures and job cuts. UBS executives had hoped to complete the deal by the start of June, but parts of the deal have already been challenged by politicians and lawyers. UBS brought back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with the takeover.