​Derivs, Cash Drives Higher Equity Revenues At UBS in Q4

An increase in derivatives and cash revenues drove higher revenues in equities in UBS’ investment bank during Q4 2014, according to the firm’s latest quarterly report. UBS reported an overall Q4 net profit of CHF1 billion, with a net profit for 2014 of CHF3.6 billion, up 13% year-on-year.