UBS said: Regulation-level adjustments announced earlier this year will reduce an estimated $4 billion in core Tier 1 capital at the group merger level. The total annual cost of the acquisition will total approximately $2.5 billion.

UBS said: Regulation-level adjustments announced earlier this year will reduce an estimated $4 billion in core Tier 1 capital at the group merger level. The total annual cost of the acquisition will total approximately $2.5 billion.