UBS AG reported a net income of $1.4bn for Q3, doubling market expectations. The bank returned to profitability after acquiring Credit Suisse, with revenues up 5% to $12.33bn. The asset management division was the main growth driver, and total invested assets rose to $6.2tn. CEO Sergio P. Ermotti praised the bank's performance amidst market volatility. The integration of Credit Suisse clients is progressing, with migrations planned for Luxembourg, Hong Kong, Singapore, Japan, and Switzerland. Teljes cikk (Euronews.com)