STATISTICS
STATISTICS
Union Bank of Switzerland (UBS) reports a 6 per cent decrease in net income from foreign exchange and bank notes trading to CHF553 million from CHF588 million a year ago. The earnings report says the slight decline was the result of continued margin erosion and stagnation in volumes of traditional, client-driven transactions. Furthermore, the forex business is being adversely affected by structural changes, particularly by the spread of electronic broking services, says the report, adding that
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