Wealth and Asset Management
UBS’s Trading Loss May Harm Bid to Attract Millionaire Clients
UBS AG may struggle to regain its position as the world’s biggest wealth manager after the $2.3 billion trading loss at its investment bank. Wealthy clients entrusted the Zurich-based bank with 22.9 billion Swiss francs ($25.1 billion) of new money in the first half of this year, after customers pulled…
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Click here to read the full story: Business Week