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UBS investment bank notches profit increase as dealmaking fees slide 30%

Investment Banking Editor

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A surge in trading revenue at UBS helped offset a slump in dealmaking fees during the second quarter as its overall investment bank profit jumped 17%.

The Swiss lender posted a 30% drop in dealmaking revenue during the second quarter to $681m. This was the biggest relative fall of any of its Wall Street or European rivals during the three-month period. 

A surge in trading revenue offset a sharp decline in investment banking during the second quarter

Paul Clarke

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