UBS expects $34.8 billion ‘negative goodwill’ from Credit Suisse deal  

Reuters was nearly an hour ahead in reporting Swiss financial giant UBS said it would record a one-off gain from the so-called ‘negative goodwill’ of $34.8 billion by buying Credit Suisse for a fraction of its book value. Reuters also comprehensively covered details of billions in potential costs and benefits from the deal that UBS disclosed in a dense filing with U.S. regulators well after market hours.