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People and MarketsBank Results

Coronavirus markets boom helps UBS haul in profits

UBS_PA_575x375_28April2020

UBS generated almost as much profit before tax from its global banking and markets operations in the first quarter as it did across all of last year, it revealed on Tuesday. This was despite taking credit losses and marking down exposures. The bank benefitted from a good turnout in FX and rates and its heavy involvement in a shrunken M&A fee pool.

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