UBS Reports $2.3bn in Q3 Profits, Beats Expectations
UBS Group reported a 9% YoY jump in its Q3 net profits at $2.3bn vs. expectations of a $1.6bn. The Swiss-based bank’s wealth management division provided a significant boost again with its profit before taxes (PBT) growing 43% to $1.5bn. During Q2, the division...
UBS Reports Solid Q2 Earnings
UBS reported a 63% rise in net profits YoY to $2bn in Q2, beating expectations of $1.34bn. Pre-tax profits rose across all geographies with the CEO saying, “Momentum is on our side and our strategic choices and initiatives are paying off…We have no intention of...
UBS Seen Bidding For NN Group’s Asset Management Arm
UBS and German asset management firm DWS are going ahead with final bids for NN Group’s asset management arm, NN Investment Partners after Europe’s biggest insurers such as Allianz, Assicurazioni Generali and The Royal London Group have dropped out, as per Reuters....
