Ubs Reports $785m Loss Because Of Costs Of Credit Score Suisse Integration Ubs
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Earlier this year, UBS bosses mentioned they anticipated to take a $17bn hit from costs associated to the rushed rescue deal, which was executed with solely forty eight hours of due diligence. That included $4bn in costs associated to litigation, regulatory matters and different liabilities, and an extra $13bn hit from asset and liability changes within the group. However, UBS mentioned it had attracted new customer cash into its wealth business.
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