Wealth and Asset Management
UBS reports $785m loss as Credit Suisse integration costs swell to $2bn
UBS suffered a $785m loss in the third quarter of 2023, largely due to the integration of Credit Suisse within the group. The group said its first quarterly loss in nearly six years was "driven by integration-related expenses", which swelled to $2bn throughout the quarter. Integration-related expenses made up $431m…
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