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News Breaks | | | | December 19, 2012 | | 05:38 EDT |  | UBS | UBS sees Q4 loss of CHF 2.0B - CHF 2.5B
UBS said it believes its Q4 net profit attributable to shareholders will show a loss in the approximate range of CHF 2.0B - CHF 2.5B, primarily as a result of: total provisions for litigation and regulatory matters, including the LIBOR settlements, of approximately CHF 2.1B; restructuring charges of approximately CHF 0.5B; and an own credit loss on financial liabilities designated at fair value of approximately CHF 0.4B. On an adjusted basis, UBS expects to report a pre-tax profit in the approximate range of CHF 2.5B-3.0B for the year. The bank added, "We are encouraged by the progress we have seen in the quarter to date on both RWA reduction and balance sheet deleveraging. Net new money is expected to be positive in the quarter as we have seen good flows in our Wealth Management and Wealth Management Americas businesses, while we have seen net outflows in Global Asset Management. Our Basel III phase-in common equity tier 1 ratio is expected to improve to around 14% by quarter-end and our fully applied Basel III common equity tier 1 ratio, inclusive of the effects from early adopting IAS 19R in the fourth quarter, is expected to be roughly in line with the third quarter's level of 9.3%." | |
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News For UBS From The Last 14 Days Check below for free stories on UBS the last two weeks. |
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| May 22, 2013 | | 13:04 EDT |  | UBS | UBS to face whistle-blower suit brought by strategist, Bloomberg says
 Subscribe for More Information | | | 10:00 EDT |  | UBS | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 05:43 EDT | | UBS | UBS downgraded to Underperform from Market Perform at Keefe Bruyette
| | | May 21, 2013 | | 15:23 EDT | | UBS | UBS downgraded to Underperform from Market Perform at Keefe Bruyette
Subscribe for More Information | | | May 20, 2013 | | 08:12 EDT |  | UBS | UBS names Sylvia Coutinho as CEO of UBS Group Brazil
Subscribe for More Information | | | 07:42 EDT |  | UBS | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. | | | May 16, 2013 | | 12:32 EDT |  | UBS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | May 14, 2013 | | 06:19 EDT | | UBS | Brokerage firms see market share drop, competition increase, Bloomberg reports
Subscribe for More Information | | | May 13, 2013 | | 07:29 EDT | | UBS | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | 06:49 EDT | | UBS | ECB member says negative deposit rates would help economy, Reuters says
Subscribe for More Information | | | | May 10, 2013 | | 13:17 EDT | | UBS | UBS names Palmer head of equity markets for Americas, Reuters reports
UBS has installed James Palmer as head of equity capital markets for the Americas, according to Reuters, which cited an internal memo it obtained. Palmer was previously a managing director in the group, the news service stated. Reference Link | |
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