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Swiss bank UBS posts 16% drop in Q3 net profit

Wednesday, October 23, 2019 - 01:54

Swiss bank UBS is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and put the group's 2019 profit goals further out of reach.

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Swiss bank UBS is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and put the group's 2019 profit goals further out of reach.

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Swiss bank UBS posts 16% drop in Q3 net profit

Wednesday, October 23, 2019 - 01:54