(Bloomberg) -- UBS Group AG posted higher than expected profit in the second quarter, as strong client inflows and investment banking revenue helped bolster ...
-- UBS Group AG posted higher than expected profit in the second quarter, as strong client inflows and investment banking revenue helped bolster Chief Executive Officer Sergio Ermotti ’s efforts to return capital to shareholders.Gottheimer Calls for Rail Riders to Be Reimbursed for Delays
“I don’t think this will happen,” Ermotti said in an interview with Bloomberg Television’s Francine Lacqua. “We will find out probably later this year, early 2025 the direction of travel. Then we can make an assessment.” UBS recently reorganized its wealth management arm into a new unit that brings its range wealth offerings under one roof. The bank also reshuffled its leadership structure, appointing investment bank head Robert Karofsky to run its US business and jointly oversee wealth with Iqbal Khan. Khan was also made president of the Asia-Pacific region.
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