i guess the swiss over at UBS have to battle negative interest rates somehow, its a loss over there or a loss over here, eitherway they're ahead (figure that one out?!).
ref.
UBS is battling negative interest rates, a drop in trading by clients, and turbulent financial markets, exacerbated by Britain's June vote to leave the European Union.
"At least until we see sustainable stabilization across the macroeconomic and geopolitical arenas, we believe it no longer makes sense to provide short-term return (on equity) guidance," CEO Sergio Ermotti said in a call with analysts on Friday.
http://www.reuters.com/article/us-ubs-group-results-idUSKCN1090CQ
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