ZURICH, May 13 (Reuters) - UBS will reinvest part of 13 billion euros ($14.03 billion) in planned cost savings on making the bank's processes and businesses stronger following the takeover of Credit Suisse, UBS chief executive Sergio Ermotti said on Monday. ($1 = 0.9268 euros) (Reporting by Elisa Martinuzzi and Noele Illien, Editing by Rachel More and Friederike Heine)
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
28.49 CHF | +1.35% | +1.17% | +9.16% |
May. 31 | Swiss Market Index in the Green Amid US Rate Cut Optimism | MT |
May. 31 | UBS: merger with Credit Suisse finalized | CF |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+9.16% | 101B | |
+11.67% | 67.41B | |
+24.65% | 66.1B | |
+14.52% | 44.58B | |
+14.85% | 43.37B | |
+18.26% | 35.13B | |
+9.42% | 26.31B | |
-2.41% | 22.77B | |
+4.28% | 19.23B | |
-0.13% | 17.23B |
- Stock Market
- Equities
- UBSG Stock
- News UBS Group AG
- CEO: UBS to reinvest part of $14 bln in costs savings on improved processes