News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

UBS’s investment bank slumps to loss as expenses jump 24% on Credit Suisse deal

UBS has shifted bankers across from Credit Suisse, but is winding down large parts of its investment bank

Expenses spiked at UBS as it seeks to integrate Credit Suisse
Expenses spiked at UBS as it seeks to integrate Credit Suisse Photo: Joan Cros/Getty Images

Sign up to FN's investment banking newsletter here 

UBS's investment bank slipped to a loss last year, with expenses in the division surging 24% as it integrated its cross-town rival Credit Suisse after the deal was pushed through by the Swiss government last March.

WSJ Logo