the words credit suise are lit up in the dark

Zurich, Switzerland — UBS said Wednesday Apollo will purchase USD 8 billion of senior secured financing facilities from Credit Suisse.

UBS Group expects to recognize a net gain in the first quarter of 2024 of around USD 0.3 billion from the conclusion of these agreements and the assignment of the senior secured financing facilities while Credit Suisse AG is expected to recognize a net loss of around USD 0.9 billion.

By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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