瑞银第三季度亏损大于预期

　　Shares in UBS fell yesterday after the Swiss bank revealed a bigger-than-expected loss in the third-quarter as its private banking operations continued to haemorrhage funds.
　　瑞银(UBS)股价昨日下跌，此前这家瑞士银行报告第三季度出现大于预期的亏损，其私人银行业务继续流失大笔资金。

　　Swiss and international clients withdrew a net SFr16.7bn ($16.2bn) from the bank in the third quarter, while US customers took out a further net SFr9.9bn.
　　瑞士及海外客户在第三季度从该银行的提款净值达到167亿瑞郎（162亿美元），同时美国客户另外提取了99亿瑞郎（净值）。

　　The withdrawals followed net outflows of SFr16.5bn in the second quarter in the Swiss and international business and took to more than SFr165bn the net amounts withdrawn since the first quarter of 2008 – the last time UBS reported positive net new money for the operation.
　　在此之前，第二季度瑞士及海外私人银行业务的资金流出净值达到165亿瑞郎，自2008年第一季度（上一次瑞银报告该业务资金流动净值为正数的时候）以来，客户累计提款净值已达到1650亿瑞郎。

　　Over the same period, there was SFr13.2bn of net outflows from US clients.
　　同期，美国客户的累计提款净值达到132亿瑞郎。

　　The outflows led to weaker private banking earnings, overshadowing a slow recovery in investment banking.
　　这些资金流出导致私人银行业务盈利趋弱，给投行业务的缓慢复苏蒙上阴影。

　　Overall, UBS suffered a SFr564m loss for the third-quarter compared with a net profit of SFr296m in the same period last year, and a SFr1.40bn loss in the second quarter of 2009.
　　整体而言，瑞银在第三季度遭受了5.64亿瑞郎的亏损，而去年同期的净利润达到2.96亿瑞郎，今年第二季度的亏损达到14亿瑞郎。

　　Shares in UBS fell 5.76 per cent to SFr16.35 after the results.
　　业绩公布后，瑞银股价下跌5.76%，跌至每股16.35瑞郎。

　　UBS executives acknowledged clients had been unsettled by poor results and a US crackdown on bank secrecy and admitted net withdrawals would continue until UBS showed consistent profitability.
　　瑞银高管承认，该银行业绩不佳，加上美国打击银行保密制度，都使客户不安，他们还承认，在瑞银展现持续的盈利能力之前，资金净外流的局面将继续下去。

　　Pre-tax profits in private banking dropped to SFr792m from SFr932m in the second quarter and SFr1.11bn a year ago in a result the bank itself called “disappointing”.
　　私人银行业务的税前利润降至7.92亿瑞郎，低于第二季度的9.32亿瑞郎和去年同期的11.1亿瑞郎。该银行自己表示，这样的业绩“令人失望”。

　　The drop stemmed from a one-off accounting shift, reflecting the decision to pay a higher proportion of private bankers' compensation as fixed salary, rather than variable bonuses and lower interest income.
　　利润下降可归咎于一次性的会计转变，体现出一个决策，即在私人银行家的薪酬中提高固定工资的比重，降低浮动奖金的比重。此外，利息收入降低也是一个因素。
　　
　　译者/和风