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Swiss bank UBS targets US deals, says chairman

[ad_1] ZURICH: Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the next few years, its chairman told the NZZ newspaper on Sunday. UBS, which took over former rival Credit Suisse last June, wants to expand its U.S. wealth-management business through potential M&A in the next three or…

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

[ad_1] 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…

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