Birdwatch Note Rating
2023-05-17 15:00:07 UTC - HELPFUL
Rated by Participant: DE0D7B8C8972C47F44AE6BDD21D99362AAFA4020062A6E89CBFEF9238D53168E
Participant Details
Original Note:
Here is relevant context from the same article: “UBS also expects to offset this by booking a one-off $34.8 billion gain from so-called "negative goodwill," which refers to the acquisition of assets at a much lower cost than their true worth.” https://www.cnbc.com/amp/2023/05/17/ubs-expects-17-billion-hit-from-credit-suisse-rescue-flags-hasty-due-diligence.html
All Note Details