HSBC Completes U.S. Loan Portfolio Sale for $3B
March 6 (Bloomberg) -- Bloomberg's Manus Cranny reports on today's "Top Headlines." He speaks on Bloomberg Television's "On The Move."
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UBS's Ermotti Says Environment In 2Q 'Very Challenging'
05:48 - UBS Group AG said first-quarter profit fell 64 percent, missing analyst estimates, as all divisions reported a drop in earnings. Net income fell to 707 million Swiss francs ($741 million) from 1.98 billion francs a year earlier, the Zurich-based bank said on Tuesday. That fell short of the 735 million-franc average estimate of five analysts in a Bloomberg survey. UBS CEO Sergio Ermotti told Bloomberg Television’s Guy Johnson that the issues the bank highlighted in previous quarters aren’t disappearing.