Big loss, but UBS claims progress in reshaping IB
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
FIG

Big loss, but UBS claims progress in reshaping IB

UBS's investment bank bore the brunt of the restructuring of the bank that was announced in late 2012, with the firm reporting a Sfr557m loss for the division in the fourth quarter today. The result was better, however, than the Sfr2.86bn loss seen in the third quarter, when the restructuring had been initiated and when the bulk of associated write-downs and charges were booked.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article