It's the latest step in trying to rebuild its financial hub status.
The bank raised its expense guidance for this year to about $91 billion.
The asset manager has acquired a stake in OpenAI.
Bullion is seen as a better hedge than government bonds.
Asset manager is reportedly in talks with Castlelake.
Pimco and others are weighing the prospects of the Fed standing firm.
FT reports that the firm's global treasurer is to join Millennium.
Wall Street analysts see opportunity as Chinese economy shows potential.
The bank's shares fell on the news that the government wants systemically important Swiss banks to hold significantly more capital against foreign units.
Sergio Ermotti, who has been leading UBS' integration of Credit Suisse, was paid $16 million for his first nine months on the job.
