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UBS financial performance in Q3 2024 following the provision
5
Resolution / Starting Odds
Profit exceeds expectations • 33%
Profit meets expectations • 33%
Profit falls short of expectations • 34%
UBS Q3 2024 earnings report
Story
UBS to Book $0.9 Billion Provision Linked to Credit Suisse's Greensill Funds
Jun 17, 2024, 06:45 AM
UBS announced on Monday it would give investors in Credit Suisse funds linked to the collapse of Greensill Capital. The Swiss bank expects to record a provision of around $0.9 billion in connection to these inherited Greensill funds. This move is part of UBS's efforts to address the financial fallout from the collapse of the supply chain financing firm, Greensill Capital.
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Wealth Management performs best • 33%
Investment Banking performs best • 33%
Other sectors perform best • 34%
Stock price increases by 5% or more • 25%
Stock price increases less than 5% • 25%
Stock price decreases • 25%
Stock price remains stable (+/- 1%) • 25%
Increase 10% or more • 33%
Increase less than 10% • 33%
Decrease or remain unchanged • 34%
Wealth Management • 33%
Investment Banking • 33%
Non-Core Business • 33%
Europe • 25%
North America • 25%
Asia • 25%
Rest of the World • 25%
Better than expected • 33%
As expected • 34%
Worse than expected • 33%
Below estimates • 33%
Meets estimates • 34%
Above estimates • 33%
Increase in capital reserves • 25%
Restructuring of assets • 25%
Reduction in risky investments • 25%
No significant changes • 25%