Global savings glut is no longer being recycled into official reserve holdings -> will add pressure on yields… https://t.co/BotfFeMQDd
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”,