When Sergio Ermotti exited UBS’s newly refurbished headquarters on Zurich’s Bahnhofstrasse for the last time on November 1, he left his employer in fine shape. The Swiss lender has had a startlingly good year.
UBS’s profit rose 99.5% year on year to $2.1 billion in the three months to the end of September 2020 – the best third-quarter performance in a decade. Through the first nine months, profits rose 37.4% on an annualized basis to $4.92
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