UBS's income declines 47%

Article Abstract:

UBS AG of Switzerland posted a 47 percent fall in net profit for the fourth quarter to 3.41 billion Swiss Francs ($2.73 billion) from 6.49 billion Francs last year. Revenues for last year were increased due to asset divestments. UBS AG is the second largest bank in Europe.

Management dynamics, Management, Company business management, Financial report

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UBS posts 47% rise in net profit

Article Abstract:

UBS AG of Switzerland posted stellar second quarter net profit increases by 47 percent to 3.15 billion Swiss Francs ($2.54 billion) from 2.15 billion Francs last year. Strong revenues for the banking giant were due to conservative business practice in a slowing market.

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Credit Suisse's net climbs 36% on investment-banking growth

Article Abstract:

Credit Suisse of Switzerland posted soaring first quarter net profit increase by 36 percent to 2.6 billion Swiss Francs ($2.1 billion) from 1.91 billion Francs last year. Revenue growth was due to increased private-banking and investment-banking business.

Credit Suisse (Zurich, Switzerland)

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