UBS has been a major beneficiary of Credit Suisse’s troubles, with wealthy clients adding $23.3bn net new fee-generating assets already in the fourth quarter.
By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by
UBS Group AG UBS CH:UBSG said Monday that Chief Risk Officer Christian Bluhm will remain in his role for the foreseeable future, rather than step down next…
Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group