UBS said on Friday it did not suffer any overall losses in its trading business after the Swiss National Bank's (SNB) decision last week to abandon its three-year-old cap on the franc.
'In aggregate, UBS did not experience negative revenues in its trading businesses in connection with the announcement', UBS said in a statement.
Reuters reports that the bank also said part of its compensation plan will qualify as fully applied additional tier 1 capital from 2014.
At the end of the third quarter of last year, UBS posted a common equity tier 1 capital ratio of 13.7 percent.
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UBS says did not suffer trading losses after SNB move
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