UBS said on Tuesday that it now expects to report a low single-digit quarter-on-quarter increase in first-quarter combined net interest income (NII) for Global Wealth Management and Personal & Corporate Banking after publishing restated data.
The Swiss bank published restated historical segment-level financial data on Tuesday reflecting previously announced changes that it said would have no impact on its Group results.
“These changes have no impact on the Group’s financial performance and will be reflected in the first quarter results published on 7 May 2024,” said the bank in a statement.
Among others, the changes include the transfer of the Credit Suisse Swiss Bank high net worth client segment and the transfer of all Group Treasury costs to the business divisions that were historically retained centrally.
