Hong Kong IPO probe looms over UBS as equities drag IB results
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Hong Kong IPO probe looms over UBS as equities drag IB results

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UBS's investment bank posted a 68% year-on-year drop in pre-tax profit in its quarterly results on Friday. The bank also warned it could face the possible suspension of its Hong Kong corporate finance licence over its role as sponsor on certain initial public offerings in the country.

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