UBS Wealth Management Americas turned out a record fourth quarter, serving as a bright spot in an otherwise tough quarter for the Swiss bank.

Revenue for the U.S. wealth business rose to $1.75 billion in the fourth quarter, a 7% increase from the third quarter, which came in with $1.63 billion, and a 16% rise from the fourth quarter of 2011, which had $1.5 billion in revenue.

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