UBS Becomes Latest Lender Stung by Drop in Equities Revenue

  • Stocks revenues down 22 percent to 878 million Swiss francs
  • Barclays posts 31 percent decline in equities revenue

UBS Group AG, the Swiss lender seeking to expand in China, became the latest European bank to post a decline at its equities business, partly hurt by a slowdown in trading in the Asia Pacific region.

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