UBS swallows Credit Suisse, still eyes growth in US
The UBS deal to acquire its banking rival, along with the continued drop in the share price of First Republic Bank, could mean a further shake-up in the US wealth management market.
UBS Group's agreement to acquire its distressed Swiss banking rival Credit Suisse Group for more than $3 billion, coupled with First Republic Bank's stock dropping another 29% on Monday, will only further shake up a U.S. wealth management market that has seen more than a decade of unbridled growth a
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