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UBS reshapes U.S. wealth unit in effort to lift profitability – report (UBS:NYSE)

Swiss bank UBS logo on Zurich headquarters building rooftop

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UBS Group (NYSE:UBS) made organizational changes to its U.S. wealth management business in an effort to drive higher profitability, according to a media report dated Tuesday.

The U.S. wealth advisory structure will shift to four regional units from two divisions, along with

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