“UBS Is the Biggest Winner From Banking Turmoil With $35 Billion Gain”
May 17, 2023
UBS the Swiss bank that took over Credit Suisse in March, appears to be the biggest winner so far from the turmoil that has rocked bank stocks this year. UBS joins JPMorgan Chase (JPM), HSBC (HSBC) and First Citizens (FCNCA) in being on the winning side of turmoil that also led to the demise of U.S. lenders Silicon Valley Bank and First Republic Bank. First Citizens booked an initial gain of $9.5 billion from buying SVB assets…”
https://finance.yahoo.com/m/83fe5d3c-7766-382f-ba24-c0721ed356f4/ubs-is-the-biggest-winner.html