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UBP first half earnings slip 3% amid Coutts integration

In the midst of Union Bancaire Privée’s (UBP) integration with Coutts, the Swiss private bank posted net earnings of CHF79.5 million (US$82.8 million) in Q2 2015, a 3% slip year-on-year. The Geneva-headquartered pure play attributed the dip partly to the strengthening Swiss franc, which its chief executive said could continue to affect 2015 revenues. The Coutts acquisition also added to…

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