UBS bank achieved a net profit in line with analysts’ forecasts, while revenue amounted to $11.635 billion. A share buyback worth $3 billion is planned for 2025. UBS hopes to achieve significant savings following its merger with Credit Suisse, with potential layoffs. In Switzerland, there is a policy of cost-cutting, while banks such as Julius Baer and HSBC are also undertaking savings measures. UBS faces challenges due to its size, which exceeds expectations.
UBS plans a stock buyback of $3 billion in 2025.
