UBS reaps $28B in new assets in 1Q; Credit Suisse deal looms

UBS reaps $28B in new assets in 1Q; Credit Suisse deal looms

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Swiss banking giant UBS said Tuesday it took in $28 billion of net new money for its wealth management business in the first quarter, with $7 billion of that coming in the days after the announcement of its government-backed takeover of ailing rival Credit Suisse. The Zurich-based bank, which is…

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