He also said rich clients at UBS, the world's biggest wealth manager, were holding more cash than at any time since the financial crisis of 2008.
(Reporting by Noele Illien and Oliver Hirt, Editing by Michael Shields)
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
93.67 USD | +0.18% | +0.58% | +0.74% |
11:54am | Legrand: leads the CAC, Morgan Stanley more optimistic | CF |
11:45am | HSBC Adjusts Morgan Stanley's Price Target to $100 From $96, Keeps Hold Rating | MT |
ZURICH (Reuters) - UBS is not actively benefiting from the crisis at rival Credit Suisse, UBS Chairman Colm Kelleher told a Financial Times banking conference.
He also said rich clients at UBS, the world's biggest wealth manager, were holding more cash than at any time since the financial crisis of 2008.
(Reporting by Noele Illien and Oliver Hirt, Editing by Michael Shields)
1st Jan change | Capi. | |
---|---|---|
+0.74% | 153B | |
+8.29% | 142B | |
+4.97% | 132B | |
+22.51% | 120B | |
-5.01% | 37.05B | |
+14.23% | 26.63B | |
-14.06% | 20.52B | |
+15.48% | 19.55B | |
+51.20% | 19.42B | |
-1.43% | 15.69B |