UBS posts bigger-than-expected net profit in third quarter

Quick Summary:

ZURICH: UBS Group on Wednesday reported a net profit of $1.4 billion in the third quarter as the Swiss bank carried out its first wave of client migrations from Credit Suisse since taking over its longtime rival last year.

Banking 17h ago SME Bank unveils sustainability roadmap 2.

Investors have welcomed the takeover, with UBS shares up well over 60% since it bought Credit Suisse in March 2023.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaHong KongJapanLuxembourgSingaporeSwitzerland

Topics: Banking Profit UBS /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:58:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 328 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23335414

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 34 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 29 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions