Swiss banking giant UBS has gotten off to a good start in 2011.
This content was published on
1 minute
swissinfo.ch and agencies
As the bank announced on Tuesday, it made a net profit of SFr1.8 billion ($2.03 billion) in the first quarter of this year.
That’s 18 per cent less than a year ago, but still seven per cent more than in the final quarter of 2010.
The net inflow of new money from January to March totalled SFr22.3 billion – in comparison with the SFr7.1 billion that came in during the previous quarter.
Financial analysts had predicted that the bank’s new assets would total only about SFr10.8 billion.
UBS chief executive Oswald Grübel said that the improving figures reflected the reestablished trust of the bank’s clients.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
UBS bosses boost share of shrinking bonus pot
This content was published on
Chief Executive Oswald Grübel again waived his bonus and the bank’s top earner saw his pay slashed with a greater portion of variable pay hinging on long-term targets. But some staff and shareholders remain unimpressed. With political and public pressure on “fat cat” bonuses showing little sign of relenting, the announcement of UBS’s compensation statistics…
This content was published on
The Swiss bank could relocate its risky investment banking operations to a more relaxed regulatory environment if proposed Swiss rules are significantly more stringent. The proposals were aired as UBS announced its first full year of profits since 2006. UBS chief executive Oswald Grübel complained on Tuesday that in the future there would probably be…
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.