UBS Sees Profit Increase, Nears U.S. Settlement

UBS Sees Profit Increase, Nears U.S. Settlement Play

July 22 (Bloomberg) -- Bloomberg's Ryan Chilcote reports that UBS AG reported a second-quarter profit increase while announcing it has reached an agreement in principal to close a settlement over U.S. mortgage-backed bond sales. The bank will publish full quarterly results on July 30. He speaks on Bloomberg Television's "Countdown."

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