Month: May 2009

As presaged in its first quarter 2009 report, UBS has restated its annual results for 2008, producing a reduction in its net profit for last year.

Switzerland’s cantonal banks have been among the main beneficiaries in the private banking market over the course of the global financial crisis. Clients have been attracted by their solid image and conservative banking practices and many have been boosting their services to take advantage of the bonanza.