Ubs: quarterly return to profits of 1.8 billion dollars

Quotidiano Nazionale

Ubs: quarterly return to profits of 1.8 billion dollars

Ubs beat its estimates and returns to profit after two quarters of losses following Credit Suisse's integration. In the first quarter, the Swiss group posted a profit of $1.8 billion. Revenues rose to $12.74 billion from $10.86 billion in the fourth quarter of 2023. The bank's Cet1 asset ratio rose to 14.8 percent from 14.4 percent in the previous quarter. "We were asked just over a year ago to play a crucial role in stabilizing the Swiss and gl…