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UBS traders fuel 30% increase in investment bank revenue on volatility gains

Investment Banking Editor

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UBS’s investment bank posted a 30% increase in profit during the first quarter as a surge in trading revenue offset a decline in dealmaking. 

The Swiss bank posted $722m in profit for its investment bank in the first three months of the year, an increase of 30% and well ahead of market expectations. 

The Swiss bank has followed Wall Street rivals with a sharp rise in trading fees, but dealmaking is down 19%

Paul Clarke

Banking

Finance

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