UBS reports pre-tax loss in 3Q but says benefits of Credit Suisse merger gather steam
GENEVA (AP) — UBS has reported a $255 million pre-tax loss, shed some 4,000 jobs globally, cut costs faster than expected, and reaped billions in asset inflows in the third quarter. It comes as the giant Swiss bank moves forward with its government-orchestrated merger with rival Credit Suisse. Underlying profit before taxes came in at
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