Event | APEVC25 | Super Saver

Credit Suisse takeover drags UBS into the red in Q3

Credit Suisse takeover drags UBS into the red in Q3

FILE PHOTO: The logo of Swiss bank UBS is seen at the bank's branch in Shanghai, China, March 20, 2023. REUTERS/Aly Song/File Photo

UBS Group posted a $785 million loss in the third quarter after expenses tied to the Swiss bank’s takeover of Credit Suisse while signalling that its core wealth business is stabilising.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter