UBS reported a profit of $1.43 billion for Q3 2024, significantly surpassing expectations of $740 million, driven by cost-cutting and high transaction volumes. The bank is ahead of schedule in its $13 billion cost reduction plan following the Credit Suisse takeover, with plans to cut around 7.5 billion by year-end. Despite challenges in the global economy and geopolitical tensions, UBS remains optimistic, having attracted $25 billion in new wealth management inflows during the quarter.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
