Zurich, Switzerland (GenevaLunch) – UBS is reporting in a webcast 6 May that its loss for the first quarter of 2009 is CHF2 billion.
Net outflows of new money for its Global Asset Management business have slowed, the bank reports, to CHF7.7 billion.
The loss is attributed mainly to risk business that the bank has left or is in the process of leaving. UBS live webcast, 09:00
Related, Le Temps (Fre)
Posted by Ellen Wallace on 5 May 2009 at 7:51, last updated on 15 May 2009 at 16:39 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 5 May 2009.
Filed under: Business
Tags: 2009, Business, Business and finance, first quarter, loss, outflows, Q1, results, Swiss business, Swiss companies, UBS
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