UPDATE 2-UBS cuts mid-term targets after 2019 profit drop <!-- no image --> <div>UBS Group AG cut profitability targets on Tuesday as Switzerland's largest bank grapples with ultra-low interest rates and increased competition for wealthy clients.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=y9c5M2r0B7E:JWSCkxSz5fY: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=y9c5M2r0B7E:JWSCkxSz5fY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=y9c5M2r0B7E:JWSCkxSz5fY:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=y9c5M2r0B7E:JWSCkxSz5fY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=y9c5M2r0B7E:JWSCkxSz5fY:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/y9c5M2r0B7E" height="1" width="1" alt=""></div> Posted by Reuters