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.
Crans Montana to donate CHF 1m to victim fund
Crans-Montana is to donate a million francs to a fund to help the victims of the New Year’s fire.
Lausanne police set to fight discrimination
Following accusations of racism in its police force, Lausanne has published two reports highlighting serious issues.
EVs make further gains - but still behind Europe
While overall car registrations in Switzerland have been falling for six years, electric and hybrid vehicles are on the rise.
Dog bite costs owner thousands
A German Shepherd attack has cost its multimillionaire owner CHF 330,000.
Cassis should be investigated, say lawyers
Swiss lawyers are calling for an investigation into Foreign Minister Ignazio Cassis.
Jet setting minister under fire
The Federal Councillor, Ignazio Cassis , is under fire for using the government’s private jet to fly around the country.
