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UBS dealmaking fees surge in first quarter as Credit Suisse integration continues

Dealmaking fees more than doubled as capital markets revenue jumped

UBS has been cutting costs after its acquisition of Credit Suisse last year as it tries to rebuild
UBS has been cutting costs after its acquisition of Credit Suisse last year as it tries to rebuild Photo: Pascal Mora/Getty Images

UBS’s dealmaking fees more than doubled in the first quarter of 2024, as the Swiss bank saw a bounce from its Credit Suisse acquisition and a surge in capital markets revenue.

The Swiss bank posted global banking revenue of $872m for the first three months of the year, more than double a year earlier. Without what the bank called ‘purchase price allocation’ effects from its Credit Suisse acquisition, revenue within the unit was up by 52%.

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