UBS swallows Credit Suisse, still eyes growth in US
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The UBS deal to acquire its banking rival, along with the continued drop in the share price of First Republic Bank, could mean a further shake-up in the US wealth management market.
UBS Group's agreement to acquire its distressed Swiss banking rival Credit Suisse Group for more than $3 billion, coupled with First Republic Bank's stock dropping another 29% on Monday, will only further shake up a U.S. wealth management market that has seen more than a decade of unbridled growth a
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