UBS posts US$2.3b loss for Q4
SWISS bank UBS has reported a 2.22 billion franc (US$2.3 billion) loss for the fourth quarter due to a large writedown caused by the newly enacted US tax reform.
UBS said yesterday it wrote down nearly 2.87 billion francs in deferred tax assets due to the reform. It said it would have had a 641 million franc profit without the charge.
However, the bank said the overall picture last year was “excellent.”
CEO Sergio Emotti said: “We delivered stronger financial results and met our net cost reduction target.”
UBS said in March it will start a three-year share buyback program worth up to 2 billion francs — up to 550 million francs of that this year.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.