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.
Ski resorts popular this summer
Many of us are choosing to have our sumer vacations in ski resorts - as they’re cooler.
Heatwaves force construction rethink
Three heatwaves in a matter of weeks are pushing architecture schools to rethink how they train the next generation.
Customs warn of bringing back fake goods
Swiss customs are reminding holidaymakers what not to bring back this summer.
Swiss firefighters replaced in France
The 34 firefighters from French speaking Switzerland deployed to fight the French wildfires are back home, exhausted after a week of fighting fires of rare intensity.
Cities remain dangerous for cyclists
Cities remain particularly dangerous for cyclists, according to a new analysis of federal accident data.
Govt looks to cut forest protection
The Federal Council is scrapping the CHF 25 million a year that Parliament voted to help forests adapt to climate change, despite two clear parliamentary decisions.
