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 (16) | 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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