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UBS net profit slips 14pc in second quarter

Mimi Sabreena 2:16:00 PM Malay Mail Online | All, Mukah Pages

The logo of Swiss bank UBS is seen on a building in Zurich, February 13, 2013. — Reuters pic ZURICH, July 29 — Swiss banking giant UBS today said second quarter net profits slid by 14 per cent to 1.03 billion Swiss francs (RM4.2 billion) as economic uncertainty hit its activities.

But Switzerland’s largest bank managed to beat analysts’ expectations, who told the Swiss AWP agency they had expected the lender to post a figure of around 730 million francs. — AFP

from Malay Mail Online | All http://ift.tt/2aCDicQ

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