UBS, Barclays and SocGen reap trading windfall from market turmoil
UBS, Société Générale and Barclays have become the latest banks to reap a windfall from the market turmoil unleashed by US President Donald Trump’s tariffs, as traders helped power the lenders to better than expected first-quarter profits. Revenues at UBS’s markets business surged 32 per cent to a record $2.5bn,…
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