On Monday, returning chief executive Sergio Ermotti reported what he hopes will be the last set of standalone UBS results before the rescue takeover of Credit Suisse closes.
If the transaction agreed in March, which was heavily criticized by Swiss parliamentarians in April, gets across the finish line in May, then the next report for financials to the end of June will be of revenues and costs for the two banks combined.
Ermotti described the underlying performance of UBS in the first quarter as “solid”.
It was certainly better than at Credit Suisse, which saw outflows of SFr61 billion ($68.5
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