Swiss banking giant UBS Group AG reported Tuesday lower profit in its third quarter with weakness in all segments. Looking ahead, the company said it remains disciplined on risk management and cost efficiency as it heads into the fourth quarter. UBS shares were gaining around 5 percent in the morning trading in Switzerland.
The bank recorded $17 billion of net new fee-generating assets in Global Wealth Management and $18 billion of net new money in Asset Management in the quarter.
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