The stricken Swiss lender posted a one-off 12.43 billion Swiss franc profit for the first quarter of 2023, due to the controversial write-off of 15 billion Swiss francs of AT1 bonds by the Swiss regulator as part of its emergency takeover by domestic rival UBS.
Recent Posts
- Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates
- Here’s where the world’s top 0.001% are putting their money, according to wealth experts
- ‘Big change’ in global growth is bullish for commodities including copper, says VanEck CEO
- If you’re investing in the AI theme for the long haul, here’s how to pick the winners
- China’s fiscal stimulus is losing its effectiveness, S&P says