UBS is well prepared for its American adventure

UBS wants to go deeper into the US European banks have a long history of trying to break into the US market, but the Swiss wealth manager is more up to the challenge than most.

The company outlined its new strategy on Tuesday with better-than-expected things full year results. The strong cash generation allows for a dividend of 50 cents a share – worth about $1.7 billion in total – and a $5 billion buyback is expected this year. The only real downside is continue the French taxwhereby UBS has increased the provision to 1.1 billion Euro despite appealing the latest decision.