By Cecilia Butini UBS Group said Thursday that it would retain Credit Suisse's domestic bank and reported its first set of results since acquiring its former.
By Cecilia Butini UBS Group said Thursday that it would retain Credit Suisse s domestic bank and reported its first set of results since acquiring its former rival. The Swiss lender,.
Swiss banking giant UBS has delivered a record bottom line in its second quarter after booking a $29bn accounting gain from its takeover of Credit Suisse, but underlying profits still failed to meeting analysts' forecasts.
The Swiss banking giant is one of several large financial institutions that have benefitted from the chaos that roiled the banking world in the spring.