A major American institutional investor is planning to join a lawsuit that says Switzerland’s time to pay up is long overdue.
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UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.
The Zurich-based bank joins a growing list of wealth management’s elite, including JPMorgan and Goldman, to focus on the wealthiest investors.
The asset manager announced annual revenues rose 14%, topping $20 billion for the first time, with record net inflows of $641 billion.
It’s basic Newtonian physics, as Boeing just learned: When the sky falls for a company, so, too, will the bottom line.
The company’s struggle gives us a glimpse into how the wider world of voice assistants is trying to keep up with the technology zeitgest.