UPDATE 2-UBS posts 40% Q1 net profit rise as wealth shows resilience
The world’s largest wealth
manager, UBS, reported a 40% rise in January-March
profit on Tuesday, buoyed by ultra rich clients reshuffling
portfolios to cope with the coronavirus outbreak and as a revamp
helped its core business to its best quarter since 2008.
manager, UBS, reported a 40% rise in January-March
profit on Tuesday, buoyed by ultra rich clients reshuffling
portfolios to cope with the coronavirus outbreak and as a revamp
helped its core business to its best quarter since 2008.
Posted by Reuters
