On February 7th, Southern Finance and Economics reported that UBS announced its fourth quarter and full year results for the 2023 fiscal year, with a pre tax profit of $29.916 billion, including $28.925 billion in negative goodwill; The fourth quarter's pre tax profit was a loss of $751 million. UBS stated that it has completed the first phase of strategic integration, maintained stable business operations, achieved basic profitability, and initiated restructuring. Since the completion of the acquisition in 2023, the net new assets of its global wealth management business have reached $77 billion. (21st Century Business Herald)