UBS made $425m Swiss francs ($434m; £276m) compared with 1bn francs a year earlier, down 58%.
Deutsche's quarterly earnings fell 63% to 375m euros ($460m, £293m) from 969m euros last year.
Both banks blamed the economic downturn in Europe and the US for lower profits.
UBS warned it would look into making further cost savings. The Swiss group is already in the process of cutting 3,500 jobs.
Source & Image : BBC
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