UBS posts $279 million Q4 net loss after Credit Suisse takeover

ZURICH: Swiss banking giant UBS on Tuesday posted a smaller-than-expected net quarterly loss of $279 million, amid restructuring costs after swallowing its rival Credit Suisse.
Presenting its fourth-quarter and full-year 2023 earnings, the bank boasted that it had already raked in $4 billion in cost savings last year across the combined banks, adding it expected savings to swell to $13 billion by 2026.

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