{"id":85749,"date":"2023-08-31T02:10:59","date_gmt":"2023-08-31T06:10:59","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85749"},"modified":"2023-08-31T01:54:57","modified_gmt":"2023-08-31T05:54:57","slug":"ubs-posts-29-billion-second-quarter-profit-in-first-results-since-credit-suisse-takeover","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2023\/ubs-posts-29-billion-second-quarter-profit-in-first-results-since-credit-suisse-takeover.html","title":{"rendered":"UBS posts $29 billion second-quarter profit in first results since Credit Suisse takeover"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/UBSG-CH\/\">UBS<\/a> on Thursday posted a second-quarter profit of $28.88 billion in its first quarterly earnings since Switzerland\u2019s largest bank <a href=\"https:\/\/www.cnbc.com\/2023\/06\/12\/ubs-says-it-has-completed-the-takeover-of-credit-suisse.html\">completed its takeover of stricken rival Credit Suisse<\/a>. Analysts had projected a net profit of $12.8 billion for the three months to the end of June, according to a Reuters poll. UBS said the result primarily reflected $28.93 billion in negative goodwill on the Credit Suisse acquisition.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/08\/31\/ubs-posts-29-billion-second-quarter-profit-in-first-results-since-credit-suisse-takeover.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) UBS on Thursday posted a second-quarter profit of $28.88 billion in its first quarterly earnings since Switzerland\u2019s largest bank completed its takeover of stricken rival Credit Suisse. Analysts had projected a net profit of $12.8 billion for the three [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85749","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85749"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85749\/revisions"}],"predecessor-version":[{"id":85750,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85749\/revisions\/85750"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}