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Fourth Quarter Report 2007
Feb. 14, 2008
| At a glance |
In full-year 2007, UBS reported a Group net loss attributable to UBS shareholders (“attributable loss”) of CHF 4,384 million – a loss of CHF 4,785 million from continuing operations and a profit of CHF 401 million from discontinued operations. |
Financial Businesses & Industrial Holdings
Global Wealth Management & Business Banking
Pre-tax profit in Global Wealth Management & Business Banking was a record CHF 2,511 million in fourth quarter 2007. This is an increase of CHF 123 million, or 5%, from third quarter 2007 and reflects record results across all three business units. Net new money inflows from the wealth management businesses were CHF 31.5 billion in fourth quarter, down from CHF 40.2 billion last quarter, but at an all-time high for a fourth quarter.
Global Asset Management
Global Asset Management’s pre-tax profit was CHF 476 million in fourth quarter 2007, up from CHF 369 million in third quarter 2007. This largely reflected an increase in performance fees, particularly in the Brazilian asset management business and alternative and quantitative investments.
Investment Bank
In fourth quarter 2007, the Investment Bank recorded a loss of CHF 15,461 million, compared with a pre-tax profit of CHF 1,356 million in fourth quarter 2006. This was due to net revenues of negative CHF 15,534 million in the fixed income, currencies and commodities area, mainly related to the inventory of securities linked to the US sub-prime residential mortgage markets.
Corporate Center
In fourth quarter 2007, Corporate Center recorded a CHF 255 million pre-tax loss from continuing operations. This compares with a CHF 31 million loss in third quarter 2007 and a CHF 318 million loss in fourth quarter 2006.
Industrial Holdings
In fourth quarter 2007, Industrial Holdings reported a net profit attributable to UBS shareholders of CHF 32 million.
Important legal information - please read the disclaimer before proceeding.
Products and services in these webpages are not available for US persons, for the exclusion of residents of other nations see the disclaimers relating to the actual services.
© UBS 1998-2008. All rights reserved.
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