UBS has reported its first quarterly profit since taking over Credit Suisse as the Swiss lender begins to reap the benefits of rescuing its former rival.
The group on Tuesday reported $1.8bn in net profit for the first three months of the year, up from a $279mn loss in the previous quarter and almost three times the $602mn expected by analysts.
Its wealth management business was again a powerhouse during the quarter, attracting $27bn in net new assets as clients returned to the lender having pulled their assets from both UBS and Credit Suisse last year to avoid the disturbance caused by the takeover.
您已阅读39%（605字），剩余61%（965字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。