Wed, 02 May 2012 07:17:49 GMT
UBS profit fell by 54% in the first quarter
Switzerland's largest bank UBS AG reported its profit for the first three months of 2012 dropped by 54%, damped by loss on its investment bank division and lender's own debt charge. The net profit tumbled CHF 827 million (USD 910 million), UBS reported on Wednesday. Analysts had predicted a slightly smaller drop of
CHF 810.9 million.