Wealth and Asset Management
UBS May Pass on Negative Rates to Very Wealthy Clients, CEO Says
UBS Group AG may pass on the impact of negative rates to very wealthy clients and raise the rates it charges for credit, Chief Executive Officer Sergio Ermotti said on Tuesday. The bank will consider the measures if “conditions remain as they are or grow worse,” Ermotti told shareholders at…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Bloomberg