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UBS Exclusive: £135m SNB Loss Explained

UBS, the renowned Swiss financial services company, is expected to suffer a revenue loss of $135 million.

A rainy day. UBS, the renowned Swiss financial services company, is expected to suffer a revenue loss of $135 million. PHOTO: ALP/Shutterstock

This loss follows the decision made by the Swiss National Bank (SNB) to decrease the amount it pays banks for money they are required to hold with them.

According to analysts at KBW, the impact of this revenue loss is estimated to

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