UBS halved Level 3 assets in 2024
Mark-to-model assets had swelled after the Credit Suisse takeover
UBS more than halved its holdings of mark-to-model assets during 2024, a year after these balances ballooned fivefold following its acquisition of Credit Suisse.
The bank reported €14.1 billion ($16.40 billion) of assets classified as Level 3 under the fair-value hierarchy – instruments priced using internal models alone – marking a 53.7% reduction from end-2023.
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