UBS revamps wealth unit, aims to lend more to clients
The changes in its legal structure will help the bank meet its target of lending $20 billion to $30 billion a year to wealthy clients outside Switzerland
UBS Group is overhauling the legal structure at its key international wealth management unit in a move that will cut costs and free up billions of dollars for lending in higher-growth markets.
The project -- known as Rigi after a famous Swiss peak -- will see the bank transfer large customer depo
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