News Source: Independent
| about 1 month ago
The best performing managed fund in October was that of Canada Life/Setanta, which returned -1.1pc. AIB Investment Managers propped up the league table with a -3.4pc return for the month. Returns are still positive for the year to date, with the...
News Source: The Age
| about 1 month ago
The profit beat analyst expectations and compared to a loss of 304 million francs ($A329 million) in the corresponding period last year, when Swiss Re was forced to make heavy payments linked to hurricanes Gustav and Ike. Earnings per share reached 0.
News Source: SwissInfo
| about 1 month ago
The latest UBS results revealed the enormity of the task the bank faces to restore credibility as wealthy clients continued to take their assets elsewhere. Despite downsizing, reducing exposure to risky assets and completely revamping its leadership...
News Source: Guardian Unlimited
| about 1 month ago
UBS , which lost more money than any other bank during the credit crunch , is rebuilding its investment banking unit to catch up with rivals, such as Goldman Sachs and Credit Suisse, which are posting rising profits.
News Source: Times Online
| about 1 month ago
Its SwFr564 million (£335 million) third-quarter loss was higher than consensus forecasts and compared to a SwFr283 million profit a year ago as it took three big one-off accounting charges, including a big charge for the raised market valuation of...
News Source: International Business Times
| about 1 month ago
Swiss bank UBS does not expect to win back assets from rich clients any time soon as it struggles to rebuild its reputation after a bitter U.S. tax row even as its underlying performance improves. Higher-than-expected accounting charges pushed UBS...