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UBS Posts $29 Billion Q2 Profit Induced by Credit Suisse Takeover

UBS has posted a net profit of $28.8 billion for the second quarter of 2023, which came with its first quarterly numbers after completing the takeover of rival Credit Suisse. The astronomical number was reached due to a one-off gain with lower acquisition costs than the value of Credit Suisse. UBS Gained from the Credit Suisse Takeover According to the official numbers posted today (Thursday), the Swiss generated a total revenue of $9.5 billion against the previous quarter's $8.7 billion. After... Read More

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Posted: Aug 31 2023, 07:01

Author Name: financemagnates

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