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UBS falls after warning profit may be hurt by franc, interest rates

Wednesday, February 11, 2015 - 05:50

UBS, the world's biggest manager of money for the rich, added the lowest amount of net new funds to its main wealth management division since the fourth quarter of 2012.


UBS Group AG fell after reporting lower-than-expected earnings at its wealth management division and warning that the strong franc and negative interest rates may hurt profitability.

UBS fell as much as 3.4 per cent in morning trading in Zurich, bringing the total decline so

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