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UBS dealmaking fees slide 57% as boom falls away
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fnlondon.comUBS's investment banking fees slumped by nearly 60% during the second quarter, a larger drop than Wall Street rivals, as European lenders prepare to take a hit from a decline in dealmaking.
The Swiss bank posted revenue of $377m in its global banking unit during the third quarter, a decline of 57% on the previous year and a sharper fall than analysts were expecting.
UBS...
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