Swiss investment bank UBS’s net profits declined to US$1.24 billion in the second quarter from US$1.6 billion in Q1 20 and US$1.4 billion in Q2 19.
UBS has been one of the second most active issuer globally (32,800 products) and sixth by market share (US$3.4 billion/3.1%) including non-retail products in Q2 20, despite a drop in issuance and sales year - on-year (Q2 19: 18,500 products/US$4.2 billion), according to SRP data. SRP data also shows that UBS main market for structured products is the US where the Swiss bank has seen its structured product offer as a distributor dropping to 958 products in the US market during the second quarter
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