UBS Reports Profit Surge Post-Credit Suisse Acquisition

VelocityShares Daily 2x VIX Short-Term ETN (TVIXF) has released an update.

UBS Group AG has achieved a significant milestone with a return to reported net profits and capital growth, following its strategic acquisition of Credit Suisse, aimed at stabilizing the Swiss and global financial systems. The company reported a net profit of 1.8 billion and an underlying profit before tax (PBT) of 2.6 billion, signaling robust revenue growth and successful integration efforts. UBS is also on track with legal entity restructuring and remains well-positioned to meet its capital return targets for the year.

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