![UBS profit halves due to U.S. litigation, but draws billions new money](https://cdn.newsserve.net/ONPglobe256.png)
UBS profit halves due to U.S. litigation, but draws billions new money
UBS Group AG said Tuesday that earnings declined in the first quarter, hurt by litigation, but that the bank drew in billions in net new money at its global wealth-management business following the news of its acquisition of Credit Suisse Group AG. The Swiss bank UBS CH:UBSG said its result was…
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