UBS back in profit after Credit Suisse takeover losses

ZURICH, Switzerland — Swiss banking giant UBS on Tuesday said first-quarter net profit rose 71 percent to nearly $1.8 billion, far exceeding expectations, after two quarters in the red due to the mammoth takeover of Credit Suisse. Switzerland’s biggest bank said its turnover increased by 46 percent to $12.7 billion, largely thanks to its investment
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