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UBS posts first quarterly loss since 2017 on Credit Suisse costsUBS, Switzerland’s largest bank, reported a larger-than-expected loss of $785 million within the third quarter, its first quarterly drop since 2017. However, the financial institution said that it had stabilized Credit Suisse, which it acquired earlier this year, and generated $22 billion in web new cash in its wealth administration business. UBS shares rose greater than three % following the announcement. UBS plans to absorb Credit Suisse’s Swiss division and cut three,000 jobs by the tip of 2026.

Senators Urge Us To Take Steps To Boost Battery Production, Citing China

Workers at two major Australian corporations danger receiving lower bonus funds if they fail to adhere with office attendance guidelines. “We are proud to be the one Indian airline to offer this service onboard…” Vistara posted on its web site. Founded in 2010, WeWork had envisioned making a ‘physical social network’ for a model new class of employees who had been freelancing or working from residence.


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