Swiss banking giant UBS is expected to complete its takeover of crisis-hit domestic rival Credit Suisse as early as June 12, the two lenders said on Monday."UBS expects to complete the acquisition of Credit Suisse as early as 12 June 2023.

Separately, some holders of Credit Suisse AT1 bonds wiped out by the merger instruct lawyers to represent them for possible litigation to recover losses. April 4 - Credit Suisse chairman Axel Lehmann apologises to investors for taking the bank to the brink of bankruptcy at the bank's final shareholder meeting.

UBS is reportedly considering delaying its financial results from July 25 to late August due to the complex issues involved in the takeover of Credit Suisse.

The shotgun marriage of UBS and Credit Suisse could be consummated as early as next Monday, June 12. UBS agreed to take over its crosstown rival in March, when Swiss officials began to doubt that Cred

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UBS Group (UBD) plans to fortify its talent pool across Asia to better compete with its rival with a stronger presence by retaining more than 100 investment bankers of Credit Suisse post the merger.

A Credit Suisse AG shareholder is suing UBS Group AG for at least 1.06 million francs ($1.17 million), claiming he was short-changed by the bank’s government-brokered takeover of its stricken rival.