{"id":398193,"date":"2011-04-26T07:11:47","date_gmt":"2011-04-26T07:11:47","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/"},"modified":"2011-04-26T07:11:47","modified_gmt":"2011-04-26T07:11:47","slug":"first-quarter-profit-down-at-ubs","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/","title":{"rendered":"First quarter profit down at UBS"},"content":{"rendered":"<p><div readability=\"47.3349875931\"><span><span>26 April 2011<\/span> <span>Last updated at<\/span> <span>03:11 ET<\/span><\/span><\/p>\n<p>Swiss bank UBS has reported a fall in first quarter profits, with its results affected by the strong value of the Swiss franc.<\/p>\n<p>It reported a net profit of 1.8bn Swiss francs ($2.04bn; \u00a31.2bn), down 18% from the same quarter in 2010.<\/p>\n<p>&#8220;We&#8217;ll continue to see that [currency] effect for some time,&#8221; John Cryan, the bank&#8217;s chief financial officer, told reporters.<\/p>\n<p>However, the bank pointed to higher income from its wealth management unit.<\/p>\n<p>&#8220;I am satisfied with our result considering market activity during the first quarter, and I am particularly pleased by the increase in net new money, confirming the return of client trust and confidence,&#8221; said chief executive Oswald Gr\u00fcbel in a statement.<\/p>\n<p>USB warned that it would also face higher costs in the second half of the year as it attempted to retain staff in the face of competition from rival banks.<\/p>\n<\/div>\n<p>See original here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-13191871\" title=\"First quarter profit down at UBS\" rel=\"noopener noreferrer\">First quarter profit down at UBS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 26 April 2011 Last updated at 03:11 ET Swiss bank UBS has reported a fall in first quarter profits, with its results affected by the strong value of the Swiss franc. It reported a net profit of 1.8bn Swiss francs ($2.04bn; \u00a31.2bn), down 18% from the same quarter in 2010. &#8220;We&#8217;ll continue to see that [currency] effect for some time,&#8221; John Cryan, the bank&#8217;s chief financial officer, told reporters<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398193","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First quarter profit down at UBS - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"First quarter profit down at UBS - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"26 April 2011 Last updated at 03:11 ET Swiss bank UBS has reported a fall in first quarter profits, with its results affected by the strong value of the Swiss franc. It reported a net profit of 1.8bn Swiss francs ($2.04bn; \u00a31.2bn), down 18% from the same quarter in 2010. &quot;We&#039;ll continue to see that [currency] effect for some time,&quot; John Cryan, the bank&#039;s chief financial officer, told reporters\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"First quarter profit down at UBS\",\"datePublished\":\"2011-04-26T07:11:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/\"},\"wordCount\":165,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/\",\"name\":\"First quarter profit down at UBS - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-04-26T07:11:47+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"First quarter profit down at UBS - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/","twitter_card":"summary_large_image","twitter_title":"First quarter profit down at UBS - Ghanamma.com","twitter_description":"26 April 2011 Last updated at 03:11 ET Swiss bank UBS has reported a fall in first quarter profits, with its results affected by the strong value of the Swiss franc. It reported a net profit of 1.8bn Swiss francs ($2.04bn; \u00a31.2bn), down 18% from the same quarter in 2010. \"We'll continue to see that [currency] effect for some time,\" John Cryan, the bank's chief financial officer, told reporters","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/"},"author":{"name":"","@id":""},"headline":"First quarter profit down at UBS","datePublished":"2011-04-26T07:11:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/"},"wordCount":165,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/","url":"https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/","name":"First quarter profit down at UBS - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-04-26T07:11:47+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/04\/26\/first-quarter-profit-down-at-ubs\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/398193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=398193"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/398193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=398193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=398193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=398193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}