The Swiss bank UBS has reported net profits of $1.6 billion with diluted earnings per share of $0.43 for the first quarter of 2020, a 27% jump from its figure of $1.14 billion in the same quarter, the previous year.
Transaction-based income increased by US$348m (46%) to USD1.1 billion, ‘driven by higher levels of client activity in all regions throughout the first quarter of 2020, with improved volumes in structured products, equities and foreign currencies’. ‘[…]The global wealth management (GWM) and investment banking (IB) collaborative efforts are now in full swing, enhancing our product shelf across structured products and lending. We are also progressing the growth of our global family office (GFO) s
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