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International Business Times
International Business Times
Business

UBS Profit Beats Forecast As Credit Suisse Merger Nears End

UBS posted a much better-than-expected net profit in the fourth quarter (Credit: AFP)

Swiss banking giant UBS posted better-than-expected fourth quarter results on Tuesday and confidently predicted its mega-merger with Credit Suisse would be substantially wrapped up by the end of 2026 as planned.

Switzerland's biggest bank posted a net profit of $770 million for the last three months of 2024, compared with a $279 million loss in the same period a year earlier as it wrestled with the weight of integrating its closest domestic rival.

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