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UBS Reports Q3 Loss As Legal Provisions Offset Strong Operating Performance

http://ift.tt/1sHX1gh



Looking beyond the swelling legal expenses – something that remains a nagging issue for all global banking giants – UBS’s results show a notable improvement in operating performance. The bank reported increased revenues across its operating divisions year-on-year, with its cornerstone wealth management operations churning out one of its best performances since the economic downturn of 2008 and the subsequent large-scale reorganization.



from Forbes Real Time http://onforb.es/1Dr8S2w

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