Seeking Alpha

UBS continues lead as world's largest private bank

  • UBS (NYSE:UBS) has taken a far lead ahead of Bank of America as the world's largest private bank and is close to securing $2T under its wealth management business.
  • UBS took over Bank of America's top spot last year after the latter sold its private bank outside the U.S. to Switzerland's Julius Baer.
  • Private banking is on the rise worldwide, with the industry managing $20.3T in total, up from $18.5T last year.
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Comments (1)
  • Claus Behnke
    , contributor
    Comments (15) | Send Message
     
    It is all very nice, being the the largest private bank . But being the largest does not mean the best. UBS stock has been doing very poorly for several years. They only rose 100% from being dirt cheap at aroung 8 Swiss Francs. Their latest results were also
    far from being exciting. In comparison with other institutes from the banking sector they still have a big gap from the top at around 80 francs.
    17 Jul 2014, 06:57 AM Reply Like
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