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UBS GROUP AG CUTS ITS PROFITABILITY TARGETS

Published On 21 Jan 2020 12:17 PM


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Highlights

  • It struggles with ultra-low interest rates and increased competition for wealthy clients.
  • On core capital, it would now target a 12-15% return

On Tuesday, UBS Group AG cut profitability targets. It followed after the largest bank of Switzerland faces increased competition for wealthy clients and ultra-low interest rates.

Nearly a decade ago, Chief Executive S....


Tags : Company Results and Outlook, UBS GROUP AG ,
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