ZURICH -(Dow Jones)- UBS AG (UBS) said Tuesday risk is likely to tick higher as its investment bank begins placing bigger trading bets.
"I would like to see our regulatory value-at-risk go up a bit because I would like to see us put a bit more risk on the table and trade a bit harder," John Cryan, financial head of the Zurich-based bank, said on a call after UBS swung to a third-quarter net loss earlier Tuesday.
The comments mean UBS wants to get in on bumper trading profits in recent months at larger, healthier rivals such as JP Morgan Chase & Co. (JPM) and Credit Suisse Group (CS).
UBS' value-at-risk, a measure of how much the company could lose in a single day of trading, was 30% lower in third quarter from the second.
Company Web site: www.ubs.com
-By Katharina Bart, Dow Jones Newswires; +41 43 443 8043; katharina.bart@dowjones.com