UBS scores from strength in Swiss retail and corporate banking
Wealth management and investment banking weaker
23 July 2019 - 18:30
Zurich — UBS delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management.
Switzerland’s biggest bank also said gains in its corporate deals business cushioned a fall in profits in investment banking — a problem area for all global banks as investors fret about slowing economies and geopolitical tensions...
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