UBS Fixed Income Presentation Deck
Credit Suisse adjusted 2Q23 results (CHF, US GAAP)
Corporate
Center
Adjusted
net revenues
CHF m
A% QOQ
WM
802
(10%)
Adjusted
operating expenses
CHF m
A% QOQ
948
(4%)
Adjusted pre-tax income / (loss)
CHF m
(167)
SB
925
(5%)
620
0%
224
AM
251
+34%
222
+4%
28
IB
220
(78%)
1,116
(15%)
(907)
CRU
(55)
(86%)
515
(19%)
(589)
(453)
n/m
157
(23%)
(611)
Driven by ELA+ and
PLB funding costs (in
net revenues)
2Q23
Credit Suisse
sub-group¹
1,690
(38%)
3,578
(10%)
(2,022)
Credit Suisse
AG adjusted:
(2,085m)²
Significant revenue attrition
QoQ, mostly in the Investment
Bank with core divisions more
resilient
Elevated funding costs from
ELA+ and PLB reflected in
Corporate Center
Costs decreased QoQ, but not
fast enough to offset IB revenue
declines
Refer to Credit Suisse AG 2Q23 release for reconciliation from adjusted to reported results; 1 Credit Suisse AG and its consolidated subsidiaries, Credit Suisse Services AG and other small former Credit
UBS Suisse Group entities now directly held by UBS Group AG; 2 Credit Suisse AG and its consolidated subsidiaries
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