EconomyEuropean bank rally rolls on as Deutsche Bank and UBS post profit jumps
Deutsche Bank and UBS once again exceeded forecasts with their second-quarter results on Wednesday. A sharp rise in trading activity and resilient retail banking operations supported the performances. The results add to a recovery among European lenders that has now lasted for more than two years, keeping the sector’s rally going.
European bank rally rolls on as Deutsche Bank and UBS post profit jumps