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

Quartz - Economy
UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts
source : Quartz ( Middle East ) () 23
GENEVA (AP) — Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead with “full integration” of longtime rival Credit Suisse's domestic operations following a takeover.Read more...

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