ODD LOTS
ODD LOTS
UBS reports net profits (after tax and minorities) was CHF3.465 billion for the nine months to September 30, a 30 per cent year-on-year decline. Operating income decreased 12 per cent to CHF16.619 billion versus a year ago. The Warburg Dillon Read investment banking arm finished the nine-month period with a pre-tax loss of CHF1.23 billion. This result was heavily influenced by the CHF790 million loss relating to the LTCM exposure and by CHF1.01 billion from value adjustments on equity
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