Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue deal
Business live – latest updates
UBS has reported a $785m (£637m) quarterly loss, its first in nearly six years, as the Swiss banking group counted the costs of rescuing its rival Credit Suisse earlier this year.
The loss was nearly double the $444m that analysts had forecast, with UBS saying it would have reported profits worth $844m in the third quarter had it not been for the $2bn in expenses linked to the emergency takeover.
About Author
More Stories
EU agrees to increase flight delay times before passengers get compensation
Kenya tells tea factories to cut ties with Rainforest Alliance due to costs
Trump tariffs could wipe out European steel sector, senior industry figure says