(Reuters) -Following are some key figures from UBS's second-quarter report, its first earnings announcement since taking over rival Credit Suisse.
Group-wide UBS results include just one month of Credit Suisse earnings as the deal, agreed in March, only closed in June.
JOB CUTS
UBS will cut at least 3,000 jobs in Switzerland in the coming years as it integrates Credit Suisse, with further staff to leave of their own accord, CEO Sergio Ermotti said. The initial round of job cuts follows a decision by the globe's biggest wealth manager to absorb Credit Suisse's local arm. Further reductions in headcount are expected globally as UBS seeks to reduce billions of dollars in costs over coming years.
OUTFLOWS
Credit Suisse reported net asset outflows of 39.2 billion Swiss francs ($44.6 billion) in the quarter. UBS's global wealth management reported net new money of $16 billion, its highest for the second quarter in over a decade.
COST SAVINGS
UBS revised up the amount of cost-savings it expects from the deal to over $10 billion by end-2026, which compares with an earlier estimate of $8 billion by 2027.
ASSETS
Invested assets for the combined group were $5.53 trillion, while Credit Suisse managed assets of 1.213 trillion Swiss francs.
HEADCOUNT
Credit Suisse's headcount shrunk to 33,968 from 36,044 at the end of March on the basis of full-time equivalents. Group-wide for UBS, headcount was 119,100.
REVENUE
Group revenues were $9.54 billion.
NET PROFIT
UBS reported net profit attributable to shareholders of $29 billion.
The bumper profit is due to a huge one-off gain that reflects the acquisition costs being far below Credit Suisse's value. It was somewhat below a consensus estimate of $33.45 billion from a poll conducted by UBS.
Credit Suisse reported a net loss of 9.3 billion Swiss francs.
($1 = 0.8785 Swiss francs)
(Reporting by Brenna Hughes Neghaiwi; Editing by Edwina Gibbs and Tomasz Janowski)
