UBS has biggest loss provisions in a decade

The bank has had loss provisions for the first quarter totaling EUR 241 million.
Photo: Arkivfoto: Arnd Wiegmann/ Reuters/ Ritzau/Scanpix
Photo: Arkivfoto: Arnd Wiegmann/ Reuters/ Ritzau/Scanpix
BY RITZAU FINANS

Swiss bank UBS has had loss provisions totaling EUR 241 million (DKK 1.8 billion) for the first quarter of 2020, which according to Bloomberg News, is the highest amount in a decade.

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