Some investors in PE funds are leery of firms adding debt to portfolios already leveraged.
UBS Group AG has decided to exit $5 billion in assets it manages for rich customers as the Swiss firm sorts out the pieces of Credit Suisse it doesn’t want...
UBS Group has decided to exit $5 billion in assets it manages for rich customers.
UBS executives have said they want to cut back riskier trading operations.
The bulk of the decline was felt in North American and European households.
Only a fifth of the 160 leadership positions in the combined bank are coming from Credit Suisse.
UBS has sent about 100 people to assess client rosters and talent.
The firm borrowed far more from a central bank liquidity backstop than previously known.
Harris Associates was the biggest shareholder in Credit Suisse for many years.
It marks the second straight year Credit Suisse aims to incentivize top staff.