Switzerland’s number one bank said it had posted a net profit of $1 billion, well below expectations of around $1.7 billion, but reports “strong capital inflows” over the same period.
UBS expects to complete the acquisition of rival Credit Suisse “most likely” in the second quarter of this year, reaffirming on Tuesday that forced marriage “is a unique opportunity to create value.”
Switzerland’s number one bank said it had posted a net profit of $1 billion, well below expectations of around $1.7 billion, but reports “strong capital inflows” over the same period, demonstrating the confidence of customers, according to the quarterly results statement.
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Source: BFM TV
