The FINANCIAL — In advance of its Annual General Meeting (AGM) on 14 April, UBS announces that it expects to report a profit before tax of at least CHF 2.5 billion for first quarter 2010.
Net new money outflows in all businesses were substantially lower than in fourth quarter 2009. UBS estimates that net outflows in first quarter 2010 were around CHF 8 billion for Wealth Management & Swiss Bank, CHF 7 billion for Wealth Management Americas and CHF 3 billion for Global Asset Management.
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