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UBS Group AG reported a stronger-than-expected Q2 net income of $2.4 billion, surpassing estimates. CEO Sergio Ermotti emphasized the bank’s global diversification as a key strength amid Switzerland’s proposed capital rules.
- UBS Q2 net income reached $2.4B, exceeding $2.2B estimates.
- Ermotti opposes shrinking UBS, citing global diversification as a strength.
- Swiss bank capital rules and trade uncertainties were key discussion points.
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