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UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts

Swiss banking giant UBS has announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland as it moves ahead with “full integration” of longtime rival

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UBS Made a $29 Billion Quarterly Profit After Rescuing Credit Suisse

The record profit is mostly due to an accounting gain following its government-brokered takeover of its arch Swiss rival earlier this year.

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UBS made a $29 billion quarterly profit after rescuing Credit Suisse

The record profit is mostly due to an accounting gain following its government-brokered takeover of its arch Swiss rival earlier this year.

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A historic result but still a construction site : Analysts react to blowout UBS earnings – NBC 6 South Florida

UBS shares rallied on the back of what analysts called a “historic” earnings report, though Deutsche Bank said the lender may remain a “construction.

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UBS posts record bank profit following Credit Suisse acquisition

UBS posted the biggest-ever quarterly profit for a bank following its acquisition of Credit Suisse, in its first results following the deal.

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