US EditionUBS posts net profit beat as market volatility boosts trading
19 Articles
19 Articles
Grossbank also made further progress in integrating the CS acquired over two years ago.
Grossbank has benefited from the unrest in the financial markets. Up to now, one third of Credit Suisse customers in Switzerland have migrated to UBS.
UBS says savings from Credit Suisse deal reach $9.1 billion as profit tops forecast
UBS said it’s now achieved $9.1 billion of gross savings from its purchase of Credit Suisse as the Swiss banking giant reported stronger-than-forecast second-quarter earnings. Article Attribution | Read More at Article Source The post UBS says savings from Credit Suisse deal reach $9.1 billion as profit tops forecast appeared first on RocketNews.
UBS second-quarter profit doubles to $2.4 billion, beats estimates
UBS's second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it joined other major banks in making the most of a surge in trading activity amid market turmoil.
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