Earlier this year, UBS bosses stated they anticipated to take a $17bn hit from costs related to the rushed rescue deal, which was executed with solely forty eight hours of due diligence. That included $4bn in prices related to litigation, regulatory issues and different liabilities, and an additional $13bn hit from asset and legal responsibility changes in the group. However, UBS stated it had attracted new buyer cash into its wealth business.
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- “Demand in these sectors has already contracted, and higher rates of interest will drive shoppers and potential