BBC News, October 27, 2010
Germany's largest bank, Deutsche Bank, has reported a third-quarter loss linked to its planned purchase of Deutsche Postbank.
It reported a pre-tax loss of 1.2bn euros ($1.66bn; £1.05bn) in the quarter, hit by a 2.3bn-euro charge connected to the Postbank deal.
UBS AG Chief Financial Officer John Cryan
Elena Logutenkova, Bloomberg News, October 26, 2010
UBS AG, the Swiss bank that added more than 1,300 people to its securities unit this year, is setting aside 10 percent more in compensation for each employee of the division than Credit Suisse Group AG.
UBS set aside enough to pay the 17,006 employees 322,592 Swiss francs ($330,321) each in the first nine months of the year, company data show. Personnel costs per employee at Credit Suisse’s investment bank were 292,925 francs in the same period.
Jason Rhodes, ABC News, October 26, 2010
ZURICH (Reuters) – Switzerland's biggest bank UBS reported a shock investment banking loss on sluggish trading, overshadowing the fact it has stopped bleeding client money for the first time since early 2008, a key turnaround goal.
Third-quarter net profit at UBS came in higher than forecasts although that was due to a hefty tax credit that neutralized an investment bank loss on low equities and fixed rate trading activity that has also hit other banks.
The Wall Street Job Report 