UBS posts 40% Q1 net profit rise as transaction levels jump
The world’s largest wealth
manager, UBS, reported a 40% increase in first-quarter
net profit on Tuesday, as clients upped trading activity during
market turmoil sparked by the coronavirus outbreak and as it
extended more loans to its wealthy clients.
manager, UBS, reported a 40% increase in first-quarter
net profit on Tuesday, as clients upped trading activity during
market turmoil sparked by the coronavirus outbreak and as it
extended more loans to its wealthy clients.
Posted by Reuters
