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Credit Suisse clients flee to UBS in Asia as rich weigh options

The Edge Markets LogoThe Edge Markets1w ago

Credit Suisse clients flee to UBS in Asia as rich weigh options - The Edge Markets

Quick Summary:

Hundreds of wealthy customers have sought to place their funds with UBS in the key growth region, and the bank is planning to re-allocate staff to handle these expanding accounts, people familiar with the matter said.

Global banks have been fighting for a greater share of Asian wealth created in recent years, driving fierce competition for advisers who can bring billions of dollars in client assets.

Morgan Stanley is also among the banks benefiting from the historic outflows at Credit Suisse, the people said.


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Article Details

Category: InvestingFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 12:25:20 (1 weeks ago)

News Timezone: GMT +8:00

Ranking: #183 (out of 2518 stories this day)

News Source URL: news.google.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 1910167

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 99 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 8 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #17

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The story "Credit Suisse clients flee to UBS in Asia as rich weigh options" was covered 1 weeks ago by The Edge Markets, a news publisher based in Malaysia.

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  • URL: https://beamstart.com/news/credit-suisse-clients-flee-to-16692951313818

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