By Helena Smolak
UBS Group posted a second quarterly net loss in a row in the fourth quarter of 2023, but plans to recommence share buybacks in the current year.
The Swiss bank said Tuesday that it reported a net loss of $279 million in the three months to the end of December. This was narrower than the net loss of $785 million the quarter before, but compared with a net profit of $1.65 billion in the same period a year earlier.
Revenue was $10.855 billion compared with $8.03 billion in the fourth quarter of 2022.
Write to Helena Smolak at [email protected]
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