Companies

Sanctions vs Earnings: UBS Profits Rise, Trading System Probed

The April 24, 2014, photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. Swiss banking giant UBS AG reported a 15 percent jump Tuesday July 29, 2014 in second-quarter net profit from a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises despite a tough market environment. Switzerland's biggest bank said its net profit for the April-June period rose to 792 million Swiss francs (US$ 876 million), up from 690 million francs in the comparable period from 2013. (AP Photo/Keystone, Steffen Schmidt)
The April 24, 2014, photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. Swiss banking giant UBS AG reported a 15 percent jump Tuesday July 29, 2014 in second-quarter net profit from a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises despite a tough market environment. Switzerland's biggest bank said its net profit for the April-June period rose to 792 million Swiss francs (US$ 876 million), up from 690 million francs in the comparable period from 2013. (AP Photo/Keystone, Steffen Schmidt)

GENEVA—Switzerland’s biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part...




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