UBS - UBS' Credit Suisse Subsidiary Sees Loss Of $1.6B From Reclassifying Loans: The Details | Benzinga
UBS Group AG (NYSE: UBS) subsidiary Credit Suisse (CS) reported six months FY23 revenue of CHF17.1 billion, significantly higher than CHF8.13 billion a year ago.
The company reported net income attributable to shareholders of CHF2.21 billion in 6M FY23 vs. a loss of CHF1.97 billion in 6M FY22.
Provision for credit losses stood at CHF217 million in 6M FY23.
Also, Credit Suisse witnessed net asset outflows of CHF100.3 billion in the period, with net asset outflow of CHF74.0 billion in the wealth ...