UBS posts quarter-billion loss driven by integration, despite NNM gains

7 November 2023 | 2 minutes read

UBS Group has recorded a loss of US$255 million driven by integration-related expenses, according to the Group’s Q3 results on Tuesday. The bank still secured net new money (NNM) of US$22 billion in Global Wealth Management (GWM) driven by asset win-back, new clients and share-of-wallet gains. Net new money was positive across all regions, but particularly strong in APAC. Net…

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