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Tuesday, October 28, 2014

UBS hit by legal charge as quarterly profit rises



MarketWatch.com - Financial Services Industry News http://ift.tt/1tCOs6Q ZURICH--Swiss bank UBS AG reported a weaker-than-expected rise in third-quarter profit hurt by 1.8 billion Swiss francs ($1.9 billion) of legal provisions. Zurich-based UBS said Tuesday that third-quarter profit rose to 762 million francs from 577 million francs in the period last year, as operating income rose to 6.88 billion francs from 6.26 billion francs.


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