UBS Posts First Loss in Almost Six Years as Credit Suisse Drags on Performance
November 7, 2023
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1:42Now PlayingUBS Posts First Loss in Almost Six Years as Credit Suisse Drags on Performance
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as posted by the channelUBS 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 million for the three months to September, after including total integration-related expenses of $2 billion. Tom Metcalf reports on Bloomberg Television.
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