UBS beats expectations for the first quarter; continues to reduce Russia exposure

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UBS has beat expectations for the first quarter of 2022 and said it has further reduced its exposure to Russia. The Swiss bank on Tuesday reported net profit attributable to shareholders of $2.136 billion, above forecasts compiled by the bank of $1.79 billion. It marks a 17% rise from the $1.82 reported for the same period of 2021 and follows a drop in quarterly net profit to $1.35 billion at t...

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