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Swiss bank UBS
(Reuters) – Swiss bank UBS (UBSN.VX) (UBS.N) expects first-quarter revenue in its rebuilt fixed income business to be slightly below $2.3 billion, it said on Tuesday.
The fixed income division made a loss of 547 million Swiss francs ($516 million) in 2009, following a loss of 31.9 billion francs in 2008, which brought the bank to the brink of collapse and forced the Swiss government to bail it out.
News agency Bloomberg had reported that first-quarter revenue at the unit would be around $2.3 billion.
(Reuters) – Swiss bank UBS (UBSN.VX) (UBS.N) expects first-quarter revenue in its rebuilt fixed income business to be slightly below $2.3 billion, it said on Tuesday. The fixed income division made a loss of 547 million Swiss francs ($516 million) in 2009, following a loss of 31.9 billion francs in 2008, which brought the bank to [...]
Swiss bank UBS sees fixed income unit revenue near $2.3 billion
Swiss bank UBS sees fixed income unit revenue near $2.3 billion
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