The second quarter of Ubs is archived which closes with a profit of 690 million francs (558 million euros), an increase of 62% compared to the 425 million of the same period of the previous year. The analysts were positively surprised, expecting profits of 558 million francs. The Swiss bank will release final data on the second quarter on July XNUMXth.
Meanwhile, UBS has closed a legal dispute with the US Federal Housing Finance Agency regarding an investigation into toxic real estate loans. The cost of the agreement has not been specified: in the quarterly financial statements, the item relating to charges for litigation, write-downs and other provisions amounts to a total of 865 million francs.
