Markets see problems in UBS profit report

26th October 2010, Comments 0 comments

While Switzerlands largest bank UBS reports a fourth consecutive quarterly profit and beats analyst expectations, traders pull out of the stock as the investment banking division makes a large loss. UBS attracts new clients to its wealth management business even as Bern is on the cusp of signing a new tax-at-source plan on German assets and has initiated discussions along the same lines with the UK Treasury.

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