![UBS profit halves as cost of old toxic debt mounts](https://cdn.newsserve.net/ONPglobe256.png)
UBS profit halves as cost of old toxic debt mounts
has set aside more money to draw a line under its involvement in toxic mortgages, halving its first-quarter profit as it prepares to swallow fallen rival Credit Suisse (CSGN.S). Chief Executive Sergio Ermotti, back in the saddle to steer the takeover, also said "challenging" economic conditions…
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