New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 19, 2012
05:38 EDTUBSUBS 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%."
News For UBS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 6, 2015
07:30 EDTUBSbloomberg to hold a summit
Subscribe for More Information
October 1, 2015
08:00 EDTUBSSecurity Traders Association to hold a conference
Subscribe for More Information
07:28 EDTUBSSEC Commissioner calls for increased transparency for dark pools, Reuters says
Subscribe for More Information
September 29, 2015
13:22 EDTUBSUBS PR reaches $34M settlement with SEC, FINRA
Subscribe for More Information
13:16 EDTUBSFINRA sanctions UBS Puerto Rico $18.5M for supervisory failures
Subscribe for More Information
September 28, 2015
06:20 EDTUBSCOMCO probing UBS, Julius Baer for metals market price fixing, AFP reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use