Research (J&T BANKA)
World markets  |  February 05, 2013 09:14:56

UBS 4Q12 results in better than expected

UBS, the largest Swiss bank, reached in and 4Q losses of CHF 1.89 billion, which is a better result than the market expected (-2.16 billion CHF). The Bank also increased the dividend to 15 cents per share (from 10 in the previous year). The results showed a negative fine for manipulating interest rates (CHF 1.4 billion) and restructuring costs (CHF -500 million in Q4) under which it plans to lay off 10,000 employees in over 3 years and reduce risk-weighted assets by CHF 100 billion in 2017.

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Výsledky UBS ve 4Q12 lepší, než se čekalo

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