Wealth and Asset Management
UBS scraps $1.4b deal to buy US digital wealth management firm Wealthfront
Swiss bank UBS and Wealthfront said on Friday they have mutually agreed to terminate their $1.4-billion deal, as part of which the automated wealth management provider was to be acquired by UBS Americas Inc. The deal, first announced earlier this year, was expected to fast-track UBS‘s growth in the U.S….
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