{"id":86432,"date":"2023-11-07T01:21:35","date_gmt":"2023-11-07T06:21:35","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86432"},"modified":"2023-11-07T01:07:01","modified_gmt":"2023-11-07T06:07:01","slug":"ubs-posts-bigger-than-expected-quarterly-loss-as-credit-suisse-integration-costs-pile-up","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2023\/ubs-posts-bigger-than-expected-quarterly-loss-as-credit-suisse-integration-costs-pile-up.html","title":{"rendered":"UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/UBSG-CH\/\">UBS<\/a> on Tuesday reported a bigger-than-expected third-quarter net loss of <strong>$785 million<\/strong> as it works to integrate fallen rival Credit Suisse. Analysts polled by Reuters had anticipated the Swiss banking giant would record quarterly net loss of <strong>$444 million<\/strong> in a company-compiled poll. The loss was driven by <strong>$2 billion<\/strong> in expenses related to the Credit Suisse integration, with the bank recording an underlying operating profit before tax of $844 million.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/11\/07\/ubs-q3-2023-earnings.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse. Analysts polled by Reuters had anticipated the Swiss banking giant would record quarterly net loss of $444 million [&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-86432","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86432","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=86432"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86432\/revisions"}],"predecessor-version":[{"id":86433,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86432\/revisions\/86433"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}