UBS provides an initial estimate of what it will get out of the Credit Suisse acquisition

With the acquisition of Credit Suisse, UBS estimates that it can (in the short term) realize a net profit of almost USD 35 billion. This is the first time the bank has reported such a figure. UBS also provides more details on the balance sheet of the acquisition.

Review: UBS has taken over Credit Suisse to avoid a banking crisis in continental Europe.

• The acquisition happened in mid-March. Credit Suisse, abandoned by big investors and hit by a bank run, stood