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.
G7 protest becomes violent
Geneva remains on edge after anti-G7 demonstrations descended into violence ahead of the summit in neighbouring Evian yesterday evening.
G7 summit opens today
The G7 summit opens today in Evian, just across Lake Geneva, with Emmanuel Macron welcoming Donald Trump and other world leaders at the Hôtel Royal.
Voters reject 10m, but accept tougher military rules
Voters have rejected the ‘No to 10 Million’ initiative. But commentators say the strength of the yes vote is still a cause of concern for the government.
Iran/US deal set to be signed in Geneva
A major diplomatic breakthrough appears to have been reached in the Middle East, and a deal will be signed in Switzerland.
More Sunday shopping in Geneva
Geneva voters have narrowly backed two controversial measures.
Thousands join feminist marches
Thousands of people across the country have taken part in feminist strike events calling for equal pay, an end to gender-based violence and greater rights for women.
