UBS names South Korea, India, others as ‘slow’ on Credit Suisse approval
Reuters
Reuters exclusively reported that UBS has identified at least four countries, including South Korea and India, as being “slow” to grant the regulatory approvals needed to complete its takeover of Credit Suisse, an internal document reviewed by Reuters shows. The Swiss banking giant has also highlighted Ireland and Saudi Arabia as “slow jurisdictions” in granting licenses, according to the previously unreported document which was dated Sept. 6 and was circulated to UBS (UBSG.S) staff globally.
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