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UBS returns to first full-year profit for five years

The Swiss bank UBS is one of the world's largest wealth-managers and has reported it first annual profit in five years.

It made $7.6bn, but perhaps more importantly, the bank is saying that the amount of new money from customers improved considerably.

The bank is also cutting its bonus pool by 10%.

However, Simon Maughan from MF Global says investors are getting impatient with the Swiss regulators.

Nigel Cassidy reports.

  • 08 Feb 2011