Higher rates benefit UBS, but fewer clients mean reduced revenues
Swiss bank UBS 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. The rate environment is helping the business on one side, and that offsets some of the lower activity. Although UBS’ fourth-quarter profit above market forecasts, the Swiss banking behemoth reported a decline in sales due
