Wealth and Asset Management
UBS Scraps Near-Term Targets as Second-Quarter Profit Declines
BS Group AG scrapped its near-term targets after second-quarter profit slipped 14 percent, hurt by a drop in earnings at the wealth management and investment-banking businesses. Net income slipped to 1.03 billion Swiss francs ($1.05 billion) from 1.2 billion francs a year ago, the Zurich-based bank said in a statement…
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