UBS reports Q2 net income CHF 792M vs. CHF 690M last year Reports fully applied Basel III common equity tier 1 ratio 13.5%. UBS said it resolved its cross-border tax matter in Germany with the authorities in Bochum in July. The settlement, which includes a payment of approximately EUR 300M, concludes the Bochum proceedings. UBS booked provisions of approximately CHF 120M relating to this matter in Q2. It stated, "As a result of significant efforts by the bank, over 95% of its German clients have either provided UBS with evidence of tax compliance or completed the voluntary compliance program. UBS continues to target 100% by year-end."
UBS to hold a conference Building & Building Products Annual CEO Conference is being held in New York on November 13 with webcasted company presentations to begin at 9:30 am; not all company presentations may be webcasted. Webcast Link