Wealth and Asset Management
UBS sounds pessimistic note on 2019 as first quarter revenues fall
UBS is to cut an extra $300 million in costs in 2019 after investment banking revenues plunged in the first quarter, Switzerland’s biggest bank said, sounding a pessimistic note about full-year prospects. Chief Executive Sergio Ermotti, who outlined the cost cuts in a speech to a London investment conference on…
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Click here to read the full story: Reuters