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UBS Nears Wealth Management Turnaround as Outflows Taper Off

UBS AG, Switzerland’s biggest bank, will probably report a fourth straight quarterly profit tomorrow and the lowest wealth management redemptions since 2008.

The bank may post net income of 1.16 billion Swiss francs ($1.2 billion) for the third quarter, compared with a loss of 564 million francs a year earlier, according to the median estimate of 16 analysts surveyed by Bloomberg News. Net withdrawals by wealthy clients may have slowed to 2.6 billion francs from 26.6 billion francs, the survey found.