Client Activity, Ultra High Net Worth Fueled A Strong Quarter For UBS
Strong first quarter earnings reported by UBS were supported by wealth management’ s increased client activity and a continued focus on ultra high net worth clients. The Swiss bank said Friday that pre-tax profit was up 79 percent year-over-year to about $1.3 billion. UBS estimates it has the largest ultra high net worth business of any bank in the world, and…
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