Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023.
Groupwide UBS results include just one month of Credit Suisse earnings as the deal only closed in June.
OUTFLOWSCredit Suisse reported net asset outflows of 39.2 billion Swiss francs ($44.6 billion) in the quarter.
ASSETSInvested assets for the combined group were $5.53 trillion, while Credit Suisse managed assets of 1.213 trillion Swiss francs.
Credit Suisse reported a net loss of 9.3 billion Swiss francs.
Persons:
Denis Balibouse, Groupwide, Brenna Hughes, Edwina Gibbs
Organizations:
Credit Suisse, UBS, REUTERS, OUTFLOWS Credit Suisse, UBS headcount, NET, Thomson
Locations:
Zurich Switzerland, UBS's, OUTFLOWS