The bank, UBS, made a profit of nearly USD 8bn last year, around CHF 6bn, comfortably beating analysts’ expectations.
The bank’s head, Sergio Ermotti, called it an excellent result, marking a sharp increase on the previous year.
Shareholders are set to benefit, with UBS proposing a higher dividend of $1.10 per share.
Assets under management have also topped 7 trillion dollars for the first time.
New covid variant being monitored
A new coronavirus variant is being closely monitored.
Traffic already heavy
Holiday traffic is building up at one of Switzerland’s key transit routes.
Property tax change coming in 2029
Switzerland is set to overhaul how homeowners are taxed, with major changes coming at the end of 2028.
Karin Keller-Sutter looks to sue Grok
The finance minister has taken legal action in a case that could set a precedent for AI accountability.
Top court rules protestors' fines stand
The Federal Court has upheld convictions against climate activists over a major protest in Zurich.
Bern considers US defense contracts
Switzerland could reconsider a key defense purchase amid growing uncertainty.
