Little to cheer in UBS’s IB results

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Bank Results

Little to cheer in UBS’s IB results

Jasper Cox
April 25, 2019 05:30 PM
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The UBS Bank in the city of London on Monday 29 October 2012. The Swiss bank has announced that 10,000 jobs are to be cut in a bid to reduce the size of it's investment bank. | Sean Dempsey/PA Archive/PA Images

UBS investment bank’s profit before tax fell by more than half in the first quarter of 2018, with year-on-year declines in almost all divisions, the Swiss institution revealed on Thursday.

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