Business

Credit Suisse Hits New Low as Investors Weigh Outflow Damage

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Rivals including UBS Group AG and Morgan Stanley are among the beneficiaries of that client exodus, Bloomberg reported Thursday, with both firms seeing significant new business in Asia, a major growth market for wealth management. UBS runs the largest private bank in Asia by assets, excluding onshore China, according to a 2021 ranking by Asian Private Banker, while Credit Suisse is second-biggest.



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