UBS Credit Outlook Cut to Negative on Credit Suisse Deal

The transcript discusses the market's reaction to UBS's acquisition of Credit Suisse, highlighting investor optimism despite credit rating concerns. Comparisons to the Lehman Brothers' situation are made, with uncertainty about the acquisition's success until 2027. Employee morale and potential job cuts are also discussed, with headhunters receiving calls from concerned Credit Suisse bankers.

What is the general market sentiment towards the UBS and Credit Suisse acquisition?

• Panic and uncertainty

• Calmness with a focus on potential benefits

• Indifference

• Complete opposition

What is a major risk associated with the UBS and Credit Suisse acquisition?

• Regulatory approval issues

• High competition from other banks

• Difficulty in achieving M&A success

• Lack of investor interest

By when does UBS expect the acquisition to become EPS positive?

• 2025

• 2027

• 2023

• 2029

What comparison is made to understand the potential impact of the acquisition?

• The 2008 financial crisis

• The Lehman Brothers situation

• The housing market crash

• The dot-com bubble

What is a major concern for employees at UBS and Credit Suisse?

• Relocation

• Salary reductions

• Job cuts

• Increased workload