On October 30, 2012, UBS AG (UBS) reported solid performance
for the third quarter of the current year. All business segments reported
growth in their respective bottom lines, while the company also built a strong
capital base during the second quarter. The bank reported pre-tax earnings of
Swiss Franc CHF 1.4 billion after adjusting its own credit losses, impairment
losses and restructuring provisions. This is against a pre-tax profit of CHF
951 million at the end of the second quarter of the current year. The
improvement in the bottom line, when compared to the linked quarter, was
largely due to an improvement in net interest and trading revenues.
No comments:
Post a Comment