Profits at UBS have more than halved in its latest quarterly results.
Net income for the first three months of 2012 fell to 827m Swiss francs ($909m; £560m) from 1.81bn a year earlier, the company said.
The decline was because of losses at its investment bank and accounting charges on company debt.
The Swiss bank said it was cautious about coming months because of worries about the eurozone debt crisis as well as the US deficit.
Source & Image : BBC
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