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UBS gets a boost from higher rates, but lower client activity brings down revenues

Por: CNBC Business January 31, 2023

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In this articlewatch nowVIDEO5:1805:18UBS CEO says it's been a 'very healthy year' despite macro challenges' fourth-quarter profit beat market expectations, but the Swiss banking giant reported a fall in revenues on the back of weaker client activity and warned of an uncertain year ahead.The bank reported $1.7 billion of net income for the fourth quarter of last year, bringing its full-year profit to $7.6 billion in 2022.... + full article



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