UBS wants to shed $5B in wealthy clients’ assets
The firm is picking the bits of Credit Suisse it does and does not want.
UBS Group AG has decided to exit $5 billion in assets it manages for rich customers as it sorts out the pieces of Credit Suisse it doesn’t want.
The lender moved the assets from its wealth management division to its wind-down unit during the third quarter, it said in its quarterly report publis
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