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HSBC Joins JPMorgan as Latest Bank to Profit Big From Buying Failures

Por: MarketWatch Business May 02, 2023

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In Switzerland, (UBS) could report up to $57 billion in profit from the –roughly its compatriot’s book value minus the price UBS paid for it. UBS won’t reveal its gains from buying rival until after the deal closes, which is expected to happen this month. It indicated last week that it will see a “material gain” from so-called negative goodwill, an accounting term that denotes the gap between an acquisition target’s value and how... + full article



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