Profits double as strong trading revenue by UBS’ markets division offsets investment banking shortcomings.

UBS has reported profit before tax (PBT) of US$2.1 billion and underlying PBT of US$2.6 billion in Q2 25, up 49% and 30% YoY, despite the negative noise around the sale of structured foreign exchange products. The Swiss bank has reportedly instructed its bankers to cease offering Range Target Profit Forwards and is now conducting internal training to enhance the ability of advisers to evaluate clients' risk tolerance and product suitability more effectively. In the retail structured products m