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Tuesday, February 07, 2012 UBS

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UBS 2/7/2012

11:05 : UBS Warns of Weak Q1 - UBS (UBS) announced that profits fell by 76 percent in the fourth quarter, hurt by problems in the Euro zone, low volume in its investment bankingi business, and a $2 billion rogue trading scandal. Profit fell to 393 million Swiss francs ($425 ...
Source : forbes-com
10:15 : U.S. Morning Call: Facebook's governance, UBS to cut bonuses - Feb. 7 - Pension fund, California State Teachers Retirement System, is taking issue with the corporate governance of Facebook, and UBS employees brace for major cuts to their bonuses.
Source : reuters-com
06:34 : France posts record trade deficit of 69.59 bn euros - UBS said investment banking head Carsten Kengeter will voluntarily forgo a bonus for 2011, after a trader in his unit allegedly racked up $2 billion in losses.
05:16 : DealBook: UBS Profit Falls on European Debt Crisis - UBS, the largest Swiss bank, said Tuesday that fourth quarter profit had slumped 76 percent from a year earlier, as new money coming in to its wealth management unit failed to make up for a loss in investment banking.
Source : iht-com
04:41 : UBS warns of poor Q1 after investment bank loss - Swiss bank UBS posted a loss at its investment bank and warned that the unit's poor performance would also affect first-quarter results as the euro zone debt crisis and worries about the health of the U.S. economy hurt business.
Source : ibtimes-com
04:25 : UBS profit falls 76%, cautious on outlook - MADRID (MarketWatch) -- Weighed by uncertainty over Europe's sovereign debt crisis and European banking issues, Swiss banking group UBS AG on Tuesday reported a 76% fall in fourth-quarter profit to 393 million Swiss francs ($427 million), or ...
Source : marketwatch-com
03:55 : Europe stocks mostly flat; UBS, LVMH, Xstrata off - MADRID (MarketWatch) -- European stock markets traded mostly flat on Tuesday, with investors focused on a handful of earnings, plus deal news in the resource sector. The Stoxx Europe 600 index was flat at 264.31, with UBS AG bucking a largely ...
Source : marketwatch-com
03:43 : Profit Falls at UBS - Presenting its first set of earnings under new Chief Executive Sergio Ermotti, UBS reported a 76% fall in fourth-quarter net profit, as trading in shares and bonds slowed. The Swiss bank also said its bonus pool will be cut 40%.
Source : wsj-com
03:29 : UBS Financial Chief: Gaining Market Share In Currency Trading - As it is moving towards conducting more flow business on behalf of clients, UBS AG (UBS) is gaining market share in currency trading, Tom Naratil, chief financial officer at Switzerland's largest bank, said Tuesday.
Source : foxbusiness-com
03:28 : UBS Gaining Market Share In Currency Trading - ZURICH -- As it is moving towards conducting more flow business on behalf of clients, UBS AG (UBS) is gaining market share in currency trading, Tom Naratil, chief financial officer at Switzerland's largest bank, said Tuesday.
Source : foxbusiness-com
02:09 : UBS predicts poor Q1 over euro zone woes - UBS warned of a poor first quarter as uncertainty surrounds the eurozone, its banks and U.S. deficit issues, as it posted a sharp drop in fourth-quarter profit that missed analyst expectations on Tuesday.
Source : ibtimes-com
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