UBS made a $29 billion quarterly profit after rescuing Credit Suisse

• UBS completed one of the largest bank mergers in March when it rescued failed rival Credit Suisse.
• The bank posted a record $29 billion second quarter profit due to an accounting gain from the deal.
• UBS plans to cut 3,000 jobs and save $10 billion as part of its integration strategy.

UBS posted the biggest quarterly profit for a bank on record following its rescue of Credit Suisse earlier this year.