Sunday 18 February 2018
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cnbc.com
28 days ago

US tax overhaul hits UBS earnings with a $3 billion writedown

The Swiss bank UBS reported a net profit of 1.2 billion Swiss francs ($1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul.

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