- UBS -2.7% premarket after annual net profit nearly halved to 3.3B Swiss francs, as macroeconomics negatively impacted client sentiment and trading volumes.
- Meanwhile, heads are rolling at BT Group (NYSE:BT), as the chief of Continental Europe resigned amid the company's Italian accounting scandal.
- Quarterly results met estimates, but were overshadowed by this week's profit warning. BT -1% premarket.