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UBS's strategy to recover losses from Greensill funds by December 31, 2024
5
Resolution / Starting Odds
Recovery through asset sales • 33%
Recovery through legal means • 33%
Combination of asset sales and legal means • 34%
UBS strategic reports and press releases
Story
UBS to Book $0.9 Billion Provision Linked to Credit Suisse's Greensill Funds
Jun 17, 2024, 06:45 AM
UBS announced on Monday it would give investors in Credit Suisse funds linked to the collapse of Greensill Capital. The Swiss bank expects to record a provision of around $0.9 billion in connection to these inherited Greensill funds. This move is part of UBS's efforts to address the financial fallout from the collapse of the supply chain financing firm, Greensill Capital.
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Increase in capital reserves • 25%
Restructuring of assets • 25%
Reduction in risky investments • 25%
No significant changes • 25%
Yes • 50%
No • 50%
Wealth Management • 33%
Investment Banking • 33%
Non-Core Business • 33%
Increase 10% or more • 33%
Increase less than 10% • 33%
Decrease or remain unchanged • 34%
Less than $10 billion • 25%
$10 billion to $15 billion • 25%
$15 billion to $20 billion • 25%
More than $20 billion • 25%