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UBS quarterly profits slide 4.5 percent

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(Globalpost/GlobalPost)

Swiss banking giant UBS on Tuesday reported that net profit slid by 4.5 percent to 988 million Swiss francs (804 million euros, $1.052 billion) in the first quarter of 2013.

The result was higher than expected by analysts polled by Swiss agency AWP, which had predicted on average a net profit of 510 million Swiss francs.

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http://www.globalpost.com/dispatch/news/afp/130430/ubs-quarterly-profits-slide-45-percent