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UBS is approximately six months ahead in its cost-saving initiatives and the integration of Credit Suisse, according to CEO Sergio Ermotti. The bank has completed legal entity mergers with 80 regulators providing 180 approvals globally, positioning it for further cost reductions. While market share gains are evident, particularly in equities and foreign exchange, significant cost savings from client data integration are not expected until late 2025 or into 2026.
Jason Neely
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs reports cost savings ahead of schedule and market share gains
Swiss Franc
Credit Suisse Anlagestiftung
Bank of America Corporation
UBS SA
CHE
USA
Sergio Ermotti
Dave Graham
Jason Neely
Denis Balibouse
John Revill
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09:00 24.09.2024
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