UBS’s wealth management business stagnant in Europe, bolstered by Asia

9 February 2011 | 1 minute read

Switzerland’s largest bank, UBS, announced fourth quarter results that confirmed the bank has been able to overcome the setbacks it suffered during the financial crisis. Net income for the quarter has risen by 42% whereas net profit was down by 22% because of lower tax credits in the quarter. However, the bank’s wealth management business showed almost flat line asset…

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