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UBS eyes recovery after huge losses

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05-04-2010, 11:40 AM

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UBS eyes recovery after huge losses

Swiss banking giant UBS has today reported first-quarter net profit of SwFr2.2 billion boosted by a strong performance in its investment banking division. The earnings beat analysts forecasts of SwFr2.0 billion, according to a poll by economics newswire AWP. UBS is among one of the worst hit victims of the credit crunch due to its exposure to [...]

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