ubs net profit plunges 46
Last Updated : GMT 06:49:16
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Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

UBS net profit plunges 46%

Arab Today, arab today

Arab Today, arab today UBS net profit plunges 46%

Zurich - Arab Today

Swiss banking giant UBS on Friday said profits plunged 46 percent in 2016 under the weight of restructuring costs and a downturn for its investment bank in difficult market conditions.

Switzerland's largest bank reported its net profits for the year were 3.3 billion Swiss francs (3.09 billion euros, $3.3 billion).

 
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