6/7, 3:42 PM (Source: TeleTrader)
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UBS moves Q2 earnings release to August 31

Swiss investment banking company UBS Group AG confirmed on Wednesday on its website that it will be postponing the release of its second-quarter financial results. The date has been moved from July 25 to August 31.

It was previously reported that the company was considering this move due to "complexities" surrounding its takeover of Credit Suisse Group AG.

UBS said earlier that it is expecting the deal to materialize as soon as June 12.

Baha Breaking News (BBN) / AY