Despite the extra reserves for litigation costs, UBS beats forecasts for Q3 with a net profit up 32% at c.a. $800m YoY

As Bloomberg reiterates that the FSA intensified talks with six banks, including UBS and the bank is in talks with the US Department of Justice (DoJ), the Swiss and Hong Kong regulators to resolve their investigation into currency rate rigging.

The private banking division continued to bring in 9.8bn of net new assets and increased profitability.

 

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