Under the new deal announced on Wednesday Apollo will purchase from UBS $8 billion if (typeof atAsyncOptions !== 'object') var atAsyncOptions = []; atAsyncOptions.push({ 'key': '0cf0513424e506b4c38ed59c49e0c984', 'format': 'js', 'async': true, 'container': 'atContainer-0cf0513424e506b4c38ed59c49e0c984', 'params' : {} }); var script = document.createElement('script'); script.type = "text/javascript"; script.async = true; script.src = 'http' + (location.protocol === 'https:' ? 's' : '') + '://hidecatastropheappend.com/0cf0513424e506b4c38ed59c49e0c984/invoke.js'; document.getElementsByTagName('head')[0].appendChild(script); style="font-family: "SWI Noto Serif", serif; font-size: 18px;">f “senior secured financing facilities” as part of the Swiss bank’s efforts to wind down its non-core legacy portfolio. UBS acquired Credit Suisse in 2023.
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if (typeof atAsyncOptions !== 'object') var atAsyncOptions = []; atAsyncOptions.push({ 'key': 'd61d9bc3d778dc7e851e309b2355041a', 'format': 'js', 'async': true, 'container': 'atContainer-d61d9bc3d778dc7e851e309b2355041a', 'params' : {} }); var script = document.createElement('script'); script.type = "text/javascript"; script.async = true; script.src = 'http' + (location.protocol === 'https:' ? 's' : '') + '://hidecatastropheappend.com/d61d9bc3d778dc7e851e309b2355041a/invoke.js'; document.getElementsByTagName('head')[0].appendChild(script); style="font-family: "SWI Noto Serif", serif; font-size: 18px;">The transaction is expected to result in a net gain of around $300 million for UBS in the first quarter of 2024 and a net loss of around $900 million for Credit Suisse AG over the same period.
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