End of an era: 20-25% of 1,100 shopping malls in US = 220 -275 shopping centers, will likely shut down by 2022.
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With $3.4tn of wealth management assets, UBS would become the second-largest private bank in the world, just behind Morgan Stanley
With $3.4tn of wealth management assets, UBS would become the second-largest private bank in the world, just behind Morgan Stanley — or an “asset-gathering juggernaut”,