Today news
About the same in other media
Credit Suisse posted $4 billion loss in 2Q - Sonntagszeitung
Reading now: 680
BERLIN (Reuters) — Credit Suisse, which is now a subsidiary of UBS, posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at the bank.
Spokespersons for UBS and Credit Suisse declined to comment.
Credit Suisse had already forecast a significant pre-tax loss for the second quarter and full year 2023 in April, given its move to exit from non-core businesses and due to restructuring and financing costs.
UBS will present its quarterly results on Aug. 31.
($1 = 0.8845 Swiss francs)
Read more on investing.comAbout this in other media
UBS posts record bank profit following Credit Suisse acquisition investmentweek.co.uk /1 year ago
UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts abcnews.go.com /1 year ago
UBS posts $29 billion second-quarter profit in first results since Credit Suisse takeover cnbc.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
