Arab Today, arab today ubs bank reports huge switch back into profit
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

UBS bank reports huge switch back into profit

Arab Today, arab today

Arab Today, arab today UBS bank reports huge switch back into profit

Zurich - AFP

Swiss bank UBS, in the midst of a refocusing of its activities, reported a huge switch back into profit last year and accelerating performance in the last quarter, in a statement on Tuesday. The bank took huge losses from the financial crisis and, in common with Swiss banks in general, is having to adjust to a new Swiss banking climate on many fronts and notably owing to an opening up of Swiss banking secrecy. Last year it made a net profit of 3.2 billion Swiss francs (2.5 billion euros, ($3.38 billion) from a loss of 2.4 billion francs in 2012. This was partly because the results in 2012 were set back by a fine by regulatory authorities over an international scandal concerning the rigging of the Libor interbank interest rate. But the bank also began to benefit from a massive reorganisation of its businesses, announced in October 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ubs bank reports huge switch back into profit Arab Today, arab today ubs bank reports huge switch back into profit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ubs bank reports huge switch back into profit Arab Today, arab today ubs bank reports huge switch back into profit

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday