Tom Naratil

UBS Group AG (USA) (NYSE: UBS) reported its quarterly results earlier on Tuesday. Profits for the company jumped year-over-year from 1.05 billion Swiss francs to 1.98 billion Swiss francs ($2.14 billion USD). UBS CFO Tom Naratil was on CNBC after the results to weigh in on the numbers and to...

UBS (NYSE: UBS), Switzerland's largest bank by assets, announced Tuesday a 58 percent drop in net profit to 425 million francs. Losses stemming from the Facebook (NYSE: FB) initial public offering (IPO) were 349 million Swiss francs ($356 million). UBS indicated in a statement, "We will take...