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Investment Switzerland Latest Information
UBS Profit Falls 76% on Investment Banking UBS AG, Switzerland’s biggest lender, cut its 2011 bonus pool by 40 percent and investment bank chief Carsten Kengeter waived any variable pay entitlement as his division posted a second consecutive quarterly loss. UBS Reports 76% Drop in Quarterly Profit, Investment Bank Loss UBS AG, Switzerland’s biggest bank, said fourth-quarter profit dropped 76 percent after its investment bank reported a second consecutive quarterly loss. UBS Reduces 2011 Bonus Pool 40% as Investment Bank Posts Losses UBS AG, Switzerland’s biggest lender, cut its 2011 bonus pool by 40 percent as its investment bank posted the second consecutive quarterly loss. Summary Box: Trading scandal hurts UBS 4th-qtr PROFIT DROP: UBS AG's profit fell 76 percent in the fourth quarter. The bank, Switzerland's biggest, was hurt by a $2 billion trading scandal last year.INVESTMENT-BANK OVERHAUL: UBS Chief Executive Officer ... UBS Cuts 2011 Bonus Pool 40% UBS AG, Switzerland’s biggest lender, cut its 2011 bonus pool by 40 percent and investment bank chief Carsten Kengeter waived any variable pay entitlement as his division posted a second consecutive quarterly loss. UBS quarterly profit down by 76% UBS’s fourth-quarter profit dropped 76 percent after its investment bank reported a second consecutive quarterly loss, Switzerland’s biggest bank said yesterday. Life Bancassurance in Europe: Investment-Related Life Insurance and Retirement Savings NEW YORK, Feb. 2, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Life Bancassurance in Europe: Investment-Related Life Insurance and Retirement ... UBS warns of poor Q1 as investment bank struggles ZURICH (Reuters) - Swiss bank UBS predicted further weakness in investment banking after a restructuring of the business failed to prevent an earnings hit from the euro zone debt crisis and worries about the global economy. "Traditional improvements in first-quarter activity levels and trading volumes may fail to materialize fully, which would weigh on overall results for the coming quarter ... UBS Brazil Investment-Banking Chief Eduardo Centola Leaves After 15 Months UBS AG (UBSN) , Switzerland’s biggest bank, said that Eduardo Centola, head of investment banking in Brazil, has left after 15 months at the firm. |
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