View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
April 12, 2010

WSJ: UBS expects $2.35bn 1Q10 profit

By Spear's

ZURICH—UBS AG said Monday it expects to swing to a pretax profit of at least 2.5 billion Swiss francs ($2.35 billion) when it reports first-quarter results next month, adding that outflows from wealthy clients are slowing.

ZURICH—UBS AG said Monday it expects to swing to a pretax profit of at least 2.5 billion Swiss francs ($2.35 billion) when it reports first-quarter results next month, adding that outflows from wealthy clients are slowing.

The result would be the second quarterly profit in a row for the Swiss bank, which has been struggling to win back the confidence of wealthy customers and investors after a series of losses and a long-running tax evasion spat with the U.S.

UBS didn’t elaborate on how it had made the profit, but the statement comes two weeks after the bank issued a confident outlook for its fixed-income unit, which was at the root of most of UBS’s massive write-downs.

To read the full story, visit wsj.com

Content from our partners
Meet the females leading in the FTSE
A cut above: Charles Sanford on why HNW clients choose LGT Wealth Management
How the Thuso Group’s invaluable experience and expertise shaped the Spear’s Schools Index 2024

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network