UBS FX Trading Gains Rise Three Percent in 1991; Success Of London Desk, Options Trades Cited
BANKS
Union Bank of Switzerland (UBS) reported that foreign exchange trading revenues rose 2.9 percent to SFr 739 million in 1991, compared with the SFr 718 million gain in 1990. Overall, however, gains were far more impressive. In fact, the bank posted a 35 percent increase in 1991 group profit after a relatively weak showing in 1990.
UBS officials attributed its improved currency trading results to its unblemished credit rating and the success of its London trading desk and its global options trading
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