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UBS Reports $29 Billion Profit, a Record

August 31, 2023

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The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.

By Michael J. de la Merced | NYTimes | NYT > Business | Disclosure

a steep discount that is skewing its quarterly results. NYT NYT > Business NYTimes The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion

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UBS Reports $29 Billion Profit, a Record

The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.

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