UBS Wealth Management Americas sees record profit in boost from fee-based assets, lending
Mortgage balances rose 9% and securities based lending portfolios were up 6% from a year ago
UBS Group AG's wealth management business in the Americas posted record profitability in the third quarter even as it saw the lowest third-quarter volume in client transactions since 2009.
The unit produced unprecedented pretax profit of $328 million, driven by record results in recurring fee and n
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