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UBS investment banking fees fall by 30% as deals slow down
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fnlondon.comUBS' investment banking fees slipped by 30% in the first quarter as the impact of Russia's war on Ukraine dampened the deal boom that yielded record fees last year.
The Swiss bank made $550m from investment banking fees in the first quarter, down by nearly a third and slightly below analyst expectations as equity capital markets activity has slumped so far in 2022.
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