"UBS rises on the SIX Swiss Exchange, having gained as much as 7.6% shortly after markets opened.
The bank's bottom line included a CHF595 million gain due to a fall in the market value of its own debt, compared to a CHF1.21 billion charge a year earlier."There go the accounting rules again...I really like that rule as your financial condition deteriorates you make money because you are short your own debt.
