Bitcoin, Ether trade lower ahead of FOMC meeting

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The Wall Street Journal

UBS Gets Boost From Rising Interest Rates

UBS Group AG said rising interest rates helped offset a slump in fees for managing money for rich clients, lifting its quarterly profit. Switzerland’s biggest bank by assets reported a $2.1 billion net profit, less than the $2.4 billion analysts expected, but up from $2 billion in the second quarter of 2021. In UBS’s investment bank, revenue from corporate advice and stock and bond sales plummeted 57%, reflecting a slowdown in deal making globally.