UBS Posts Loss on Credit Suisse Integration Costs

UBS posted a sizable net loss in its first full quarter combined with Credit Suisse, but said share buybacks could resume next year. The rosy outlook on buybacks sent UBS shares up nearly 4% in morning trading in Zurich, well above where they traded prior to the forced takeover of Credit Suisse in March. Here are highlights from UBS's third quarter results: + Net new money of $22 billion in UBS’s global wealth management business serving the rich with investments and other money management.