UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up


A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023.
UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse.
Analysts polled had anticipated the Swiss banking giant would record quarterly net loss of $444 million in a company-compiled poll.
The loss was driven by $2 billion…

This story from was posted on 2023-11-07 by @polaris.


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