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Swiss group sees double-digit percentage growth from almost all investment bank business lines

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UBS's investment bankers and stock traders shrugged off volatile markets to deliver a 23% profit rise in the first three months of the year.

The bank on Monday said that group pre-tax profits grew 16.7% year-on-year to 1.9bn Swiss francs ($1.9bn) in the first quarter. Revenues rose 2% to CHF 7.6bn.

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Profits rise 23% at UBS investment bank

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