Wealth and Asset Management
UBS is beating Credit Suisse in the race to see who can shrink the fastest
UBS AG sold 2 billion euros of contingent capital bonds as the cost of insuring against losses on financial debt fell for a third day. The 12-year notes from Switzerland’s biggest bank will be written off should the lender’s Tier 1 capital drop below 5 percent, according to a person…
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Click here to read the full story: SF Gate