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UBS reports Q3 loss of $785 million; first loss since 2017 amid Credit Suisse merger

Sergio Ermotti, the Chief Executive, stated, "We are executing on the integration of Credit Suisse at pace and have delivered underlying profitability for the Group in the first full quarter since the acquisition."

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

CEO Sergio Ermotti, in a statement, said it would roll in Credit Suisse s domestic operations, in the midst of speculation they might be spun off or otherwise divested. "Our decision on Credit Suisse (Schweiz) AG follows a thorough evaluation of all available options," he said.

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