Now Reading:

Swiss bank posts big quarterly profit


Swiss bank posts big quarterly profit


Switzerland’s biggest bank, UBS AG, reported its highest quarterly earnings in almost three years.

First quarter pretax profit passed 1.7 billion euros. That is the highest pre-tax result since the second quarter of 2007.

UBS posted big losses during the credit crisis shedding around 20 billion euros second only to the Royal Bank of Scotland.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article