Banking

Revenue from investment banking and trading, the bank’s traditional powerhouses, surged.

Deposit costs are still a moving target, even for the biggest banks.

America’s biggest bank warned that it is starting to pay more on customer deposits.

Big lenders raked in record profits in 2023, but are dealing with growing pressures this year.

Switzerland said UBS will have to hold substantially more capital under new rules aimed at preventing a repeat of Credit Suisse’s near-collapse last year.