ZURICH, Oct 30, 2024 (AFP) - Swiss banking giant UBS posted net income of $1.4 billion (1.3 billion euros) on Wednesday, the company said in a statement, smashing third-quarter forecasts.

The bank, which suffered a $715 million loss in the same period a year earlier due to costs related to the forced takeover of Credit Suisse, posted a five percent increase in revenue to $12.3 billion, it said.