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.

  • Published
  • Section
    BBC News