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UBS wealth division reports 3.7% decline in asset base

Assets under management in UBS wealth division excluding the Americas declined by 3.7% during the third quarter of 2011, but the Swiss bank also posted better than expected net profits during the same period.

Assets under management in UBS's wealth division excluding the Americas declined by 3.7% during the third quarter of 2011, but the Swiss bank also posted better than expected net profits during the same period.

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