UBS AG: Bottom Line Improves

On October 30, 2012, UBS AG (UBS) reported solid performance for the third quarter of the current year. All business segments reported growth in their respective bottom lines, while the company also built a strong capital base during the second quarter. The bank reported pre-tax earnings of Swiss Franc CHF 1.4 billion after adjusting its own credit losses, impairment losses and restructuring provisions. This is against a pre-tax profit of CHF 951 million at the end of the second quarter of the current year. The improvement in the bottom line, when compared to the linked quarter, was largely due to an improvement in net interest and trading revenues. Find more about UBS AG.