Biggest Swiss bank, UBS, reports $1 billion Q4 profit, helped by investment bank and tax gain

  • by: GEIR MOULSON , Associated Press
  • Updated: February 4, 2014 - 3:15 AM

BERLIN — A strong performance from the investment bank division and a sizeable tax gain helped Switzerland's biggest bank, UBS AG, return to profit in the fourth quarter following a large loss a year earlier.

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