UBS Warburg foreign exchange revenues slip
NEWS
ZURICH -- UBS Warburg’s group-wide FX revenues were down 6% year-on-year in 2001, the bank announced in February, but officials told FX Week the figures masked a successful year in forex.
Revenues generated across the UBS group from sales and trading of foreign exchange, precious metals and bank-notes totalled Sfr1,1457 million ($857 million) in 2001 -- down from Sfr1,554 million the year before.
Martin Wiedmann, global head of FX distribution at UBS Warburg in Zurich, told FX Week: "We’ve had
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