You are here

UBS profit tops forecast, but wealth management sees outflow

Exodus from emerging markets and Europe offset inflows from Asia and Switzerland
Wednesday, February 3, 2016 - 05:50
ubs.jpg
UBS reported a surprise outflow of funds from its flagship wealth management business on Tuesday, threatening to overshadow its best annual results since 2010 and a higher than expected dividend payout.

Zurich

UBS reported a surprise outflow of funds from its flagship wealth management business on Tuesday, threatening to overshadow its best annual results since 2010 and a higher than expected dividend payout.

The Swiss bank's shares were indicated down 2 per cent in pre-market

Powered by GET.comGetCom