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UBS AG Sees Q1, FY 2013 Charge Guidance-Conference Call

Tuesday, 5 Feb 2013 08:00am EST 

UBS AG announced that as it continues efforts on cost reduction program, it expects restructuring charges for the Group of approximately CHF300 million in the first quarter of 2013. In view of the current regulatory and political climate affecting financial institutions and because the Company continue to be exposed to a number of claims and regulatory issues arising from the financial crisis of 2007 to 2009 and other matters, it expects associated charges to remain at elevated levels at least through fiscal 2013. 

Company Quote

18 Dec 2014