Swiss bank UBS (UBS) reported its seventh quarterly loss in the past eight quarters. The bank reported a loss of $1.32 billion on further outflows from its private banking business as well as restructuring and impairment charges. The news sent the iShares MSCI Switzerland (EWL) down nearly 1% in morning trading, UBS is 4.1%.
The Dow Jones Industrial Average was relatively flat, up 0.01%, while the S&P 500 followed declining nearly 0.01% and the Nasdaq gave up 0.1% in morning trading.
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Kevin Grewal contributed to this article.