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UBS wealth management earnings on the mend

UBS’ Q1 earnings rose 83% to SFr2.2bn (US$2.01bn) from the last quarter, according to UBS. The bank’s wealth management division, results of which are combined with Swiss Bank, pre-tax profit grew 5% to SFr1.16bn from the quarter ended December 31. Invested assets were SFr136bn, up SFr1 bn from the last quarter. At its Wealth Management Americas unit the pre-tax profit…

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