UBS FICC revenues up in Q1
In quarterly results released last Tuesday (May 4), the Swiss dealer said the business line generated Sfr2.165 billion, up from a loss of Sfr1.97 billion the previous Q1, and from Sfr496 million in Q4, 2009.
The bank said quarter-on-quarter growth reflected improved performance across all businesses. In macro, revenues nearly doubled to Sfr922 million despite continued difficult market conditions, the bank said. The credit business generated record revenues of Sfr752 million.
Revenues improved
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