UBS's Takeover of Credit Suisse Was a Steal. Now Comes the Bumpy Part.
The Swiss bank recorded its first loss in nearly six years and will take a long time to integrate its once-rival, even as gains materialize.
Will UBS stock hit $23 following the strong underlying operating profit report?
UBS Group AG (NYSE:UBS), the Swiss banking giant, saw its shares soar following a robust third-quarter report, exceeding expectations with a strong underlying operating profit before tax of $844 mi...
UBS CEO Ermotti says it will take months for new banking rules
UBS Group chief executive Sergio Ermotti said it will take months before Switzerland adopts new banking rules to help prevent bank runs and that he did not expect them to put the country at a disad...
Credit Suisse ends 'tuna bond' dispute with shipbuilder Privinvest
Credit Suisse has settled its dispute with Emirati-Lebanese shipbuilder Privinvest over a decade-old "tuna bond" scandal, resolving another legacy legal issue for the bank's new owner UBS.
UBS Posts a Loss, But Don't Worry. Credit Suisse Is Still Deal of the Century.
It would have made a pretax profit of $800 million without the cost of integration, but the loss came to $785 million in the quarter.
UBS CEO 'positively surprised' by quick return of client inflows
UBS CEO Sergio Ermotti discusses the Swiss banking giant's third-quarter earnings — its first full quarter since completing the takeover of stricken domestic rival Credit Suisse.
UBS swings to $785 million loss, but hails $33 billion in new deposits
UBS on Tuesday said it swung to a loss in the third quarter, after recording $2 billion worth of integration expenses from acquiring Credit Suisse.
UBS Posts First Loss in Almost Six Years as Credit Suisse Drags on Performance
UBS posted its first quarterly loss in almost six years, as the ongoing absorption of Credit Suisse drags on the Swiss lender's performance. The Zurich-based bank said it had a net loss of $785 mil...
UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up
UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse.
UBS reports Q3 loss amid integration expenses
It booked $2.1 billion in expenses for taking over Credit Suisse.
UBS reports higher-than-forecast Q3 loss of $785 mln
UBS Group on Tuesday reported a loss of $785 million attributable to shareholders in the third quarter, higher than the expected loss of $444 million forecast by analysts in a company-provided poll.
Ex-UBS Chairman Weber: Fed Likely to Hike Rates in December
Axel Weber, former chairman of UBS who was also president of the German Bundesbank, discusses the policies of the Federal Reserve and the European Central Bank, geopolitical risks, and the implicat...
UBS slashes lithium demand forecast
Analysts at UBS have reduced their forecast for lithium demand due to an anticipated slump in appetite for electric vehicles, according to a research note published on Wednesday. In a report prepa...
Credit Suisse intervention avoided 'financial crisis,' Swiss National Bank chairman says
Swiss National Bank Chairman Thomas Jordan said the central bank's interventions during the fall of Credit Suisse were "crucial" to avoid a "financial crisis."
BT a potential beneficiary from ESG trends, suggests UBS
BT stands to emerge as an unlikely winner from the current trends in ESG across the telecoms sector, according to analysts at UBS, though the bank's sell rating remains. In three areas in particula...
Related Companies