Swiss Bank UBS Profits Rise on Tax Benefit, Investor Inflows

February 10, 2015 7:03 AM

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Swiss bank UBS said Tuesday that profits rose 5 percent in the fourth quarter as a tax benefit and new inflows from wealthy Asian investors boosted the bottom line.

The bank cautions however that the sharp rise in the Swiss franc — which happened after the quarter ended — would "put pressure on our profitability."

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