Popular News From Popular Sites: Swiss bank UBS reports rise in profit

Tuesday, July 29, 2014

Swiss bank UBS reports rise in profit

FILE - The April 24, 2014 file photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. Swiss banking giant UBS AG reported a 15 percent jump Tuesday July 29, 2014 in second-quarter net profit from a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises despite a tough market environment. Switzerland's biggest bank said its net profit for the April-June period rose to 792 million Swiss francs (US$ 876 million), up from 690 million francs in the comparable period from 2013. (AP Photo/Keystone, Steffen Schmidt,File) GENEVA (AP) — Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a tough market environment.




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