Latest Zurich News
UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts
GENEVA (AP) — Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead with “full integration” of longtime rival Credit Suisse's domestic operations following a takeover. ...
UBS: Q2 Earnings Snapshot
ZURICH (AP) — ZURICH (AP) — UBS AG (UBS) on Thursday reported net income of $28.88 billion in its second quarter. The bank, based in Zurich, said it had earnings of $8.99 per share. Earnings, adjusted for asset impairment gains, came to $1.88 per share. The bank...
On Holding: Q2 Earnings Snapshot
ZURICH (AP) — ZURICH (AP) — On Holding AG (ONON) on Tuesday reported second-quarter net income of $3.7 million. On a per-share basis, the Zurich-based company said it had profit of 1 cent. Earnings, adjusted for stock option expense, were 4 cents per share. The...
Chubb: Q2 Earnings Snapshot
ZURICH (AP) — ZURICH (AP) — Chubb Corp. (CB) on Tuesday reported second-quarter profit of $1.79 billion. The Zurich-based company said it had profit of $4.32 per share. Earnings, adjusted for non-recurring costs, came to $4.92 per share. The results beat Wall...
ABB: Q2 Earnings Snapshot
ZURICH (AP) — ZURICH (AP) — ABB Ltd. (ABBNY) on Thursday reported second-quarter net income of $906 million. The Zurich-based company said it had profit of 48 cents per share. Earnings, adjusted to account for discontinued operations, came to 49 cents per share. ...
