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”,

"Strains in the $5.6tn market for commercial real estate loans have deepened in recent months as the Federal Reserve’s year-long series of interest rate rises

“There’s this mythical, enormous loan book,” said one person involved in the process. “It’s complicated because it’s huge. Everyone is scurrying around, looking for a