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UBS Group reported a $785 million loss in the third quarter due to costs associated with the Swiss bank's acquisition of Credit Suisse, while the. ....
The Swiss banking giant UBS has named at least four countries, including South Korea and India, as being slow to provide the regulatory permissions. ....
UBS s acquisition of Credit Suisse for $3.25 billion in March has been hailed as the "deal of the century" after UBS reported a net profit of $29.2 billion for the second quarter. The exceptional gain was attributed to the difference between the purchase price and Credit Suisse s book value. However, critics argue that the takeover has created a monopolistic situation and put Switzerland at risk if the new mega-bank faces a crisis. UBS still faces challenges ahead and it remains to be seen whether the deal was truly worth it. ....
Banking giant UBS Group announced Thursday it would fully absorb the domestic unit of its longtime rival Credit Suisse into its operations, without. ....