- UBS (NYSE:UBS) saw its profits soar 53% in the second quarter, after the bank reported earnings a day early due to a newspaper leak of the figures.
- Citing positive contributions from all divisions and regions, the bank reported net profit of 1.2B Swiss francs ($1.25B) in the three months to March this year, heavily beating expectations.
- UBS also bolstered its capital cushion, a measure of a bank's ability to withstand a crisis, to 14.4%.