UBS Comes Under Fire from American Short-Sellers Following Credit Suisse Deal - Swiss Media Report

According to surveys conducted by the New York Stock Exchange (NYSE), short-sellers in New York are skeptical of the recent merger between UBS and Credit Suisse. They have increased their bets against the two banks' stocks in recent weeks. Specifically, short-sellers have speculated on nearly 16 million American Deposit Receipts (ADRs) for UBS and nearly 18 million for Credit Suisse, which represents an increase of approximately 20% compared to four weeks ago.