A mixture of $27bn internet inflows into UBS’s international wealth administration division and robust transactional exercise in funding banking helped to stimulate higher than anticipated earnings of $1.1bn in the latest quarter, based on its quarterly outcomes printed immediately (14 August).
Pushed largely by the consolidation of Credit score Suisse revenues for the complete quarter, the high-profile acquisition that accomplished final yr, complete revenues for the worldwide wealth administration division jumped by 15% to simply shy of $6.1bn, with its pre-tax earnings reaching just under $871m.
UBS revamps wealth …
