You are here

UBS falls after warning profit may be hurt by franc, interest rates

Wednesday, February 11, 2015 - 05:50

BT_20150211_CPUBS12_1509437.jpg
UBS, the world's biggest manager of money for the rich, added the lowest amount of net new funds to its main wealth management division since the fourth quarter of 2012.

Zurich

UBS Group AG fell after reporting lower-than-expected earnings at its wealth management division and warning that the strong franc and negative interest rates may hurt profitability.

UBS fell as much as 3.4 per cent in morning trading in Zurich, bringing the total decline so

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom