Switzerland-based UBS Group has released its second quarter 2018 results, disclosing an adjusted operating profit before tax of CHF 1.8 billion and reported PBT of CHF 1.679 billion, largely due to CHF 114 million restructuring costs. The restructure and refocus of UBS on home markets and key operating sectors was apparent. Pre-tax profit in its global wealth management division was up by 18 per cent to CHF 1.04 billion, year-on-year, "driven by double-digit PBT growth in the Americas and the ultra-high net worth segment, and ten-year records in recurring net fee, net interest income, lending and mandate penetration," the bank reported. Investment bank pre-tax profit grew 26 per cent YoY to CHF 569 million, and "an adjusted return on attributed equity of 23 per cent, on strong revenue growth in equities and foreign exchange, rates and credit ..."Notable among the extensive footnotes to the accounts was a detailed history of the many and varied fines levied and civil actions taken by regulators around the world against the Swiss major. UBS currently estimates its contingent liability at around CHF 2.4 billion, give or take CHF 45 million in currency fluctuations. UBS said its involvement in the  Fédération Internationale de Football Association (FIFA) bribery cases is still being investigated, but the group seems satisfied that it has seen off any fallout from the Bernie Madoff fraud, the contentious sale of RMBS investments and many of the non-US benchmark rate related manipulations.  The notes sounded a confident tone when it came to jurisdictions outside Europe and the US: "UBS and other defendants have ... moved to dismiss the GBP LIBOR and Australian BBSW actions," the bank reported.