UBS Global Wealth Management’s (GWM) pre-tax profits increased 9.0 percent year-on year.
Pre-tax profits stood at US$2.5 billion at the end of H1 2022 compared with $2.29 billion at the end of H1 2021.
Looking at Q2 specifically, total revenues in GWM decreased 2.0 percent year-on-year from $1.29 billion to $1.16 billion.
Meanwhile, net interest income increased by 24 percent.
The Swiss banking giant said this mainly reflected higher deposit revenues,...
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