UBS Asia assets at US$262.5 billion, new money grows at 16%

30 July 2014 | 1 minute read

The gulf between Swiss banking giant UBS and its competitors continues to grow as second quarter results from the bank show. Strong performance by its core wealth management business and a trimmed-down investment banking book helped net profit for April to June to total CHF 792 million (US$ 876 million). Strong inflows and aggressive hiring helped the bank’s Asian wealth…

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