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ubs: UBS posts first quarterly loss since 2017 on Credit Suisse costs

UBS, Switzerland s largest bank, posted a larger-than-expected loss in the third quarter, marking its first quarterly drop since 2017. This downturn coincides with the bank s efforts to integrate Credit Suisse, following its acquisition of the ailing Swiss banking rival. ....

Sergio Ermotti , Andreas Venditti , Credit Suisse , Executive Officer Sergio Ermotti , Wealth Management , Swiss Bank , Credit Suisse Costs , Larger Than Expected Loss , Swiss Central Bank ,