Swiss bank UBS posts 16% drop in Q3 net profit <!-- no image --> <div>UBS, Switzerland's biggest bank, on Tuesday posted a $1.049 billion net profit for the third quarter of 2019 as it slims its investment bank and cuts costs seeking to tackle difficult market conditions.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=XQ6GXYK9JJg:KiOhdSJ2oyk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=XQ6GXYK9JJg:KiOhdSJ2oyk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=XQ6GXYK9JJg:KiOhdSJ2oyk:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=XQ6GXYK9JJg:KiOhdSJ2oyk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=XQ6GXYK9JJg:KiOhdSJ2oyk:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/XQ6GXYK9JJg" height="1" width="1" alt=""></div> Posted by Reuters