UBS faces investors after shotgun Credit Suisse takeover

For 2022, UBS reported a net profit of $7.6 billion and strong inflows in wealth management, the company's flagship division. — Reuters

ZURICH: UBS Group AG will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG in the biggest bank rescue since the last global financial crash can work.

Last month, Swiss authorities announced that UBS would buy Credit Suisse in a shotgun merger to stem further banking turmoil after the smaller lender had come to the brink of collapse.