UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts ...Middle East

GENEVA (AP) — Swiss bank UBS announced Thursday plans to save $10 billion in costs as it moves ahead with “full integration” of longtime rival Credit Suisse's domestic operations, as UBS released its first earnings report since the government-orchestrated merger to help stave off a possible global financial meltdown.Read more...

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