After the bankruptcy of Silicon Valley Bank, based in America, in the past months, Cretdit Suisse, which has been mentioned frequently due to the fear of another bankruptcy and was bought by its biggest rival, UBS, is allegedly preparing to announce a large amount of loss for the second quarter of 2023.
According to a report in the Sonntagszeitung newspaper, Credit Suisse purchased by UBS will be completed in the second quarter of 2023. 3.5billion Swiss Francs ( 4.0 billion dollars) will be declared a loss.
