Ubs Group (CH:UBSG) has released an update.
UBS Group AG has released restated financial data for its business segments, reflecting changes to enhance reporting consistency and detail regarding funding and cost allocation. The adjustments include the transfer of Credit Suisse Swiss Bank’s high net worth client segment to UBS’s Global Wealth Management, expected to significantly boost profitability by 2026, as well as reallocations of Group Treasury costs and Non-core and Legacy costs. These changes, detailed in an updated time series, will not affect the Group’s overall financial results and are intended to provide clearer financial insight.
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