UBS

Government forces UBS to raise the amount of common equity capital it holds domestically against its foreign operations to 100%

Currency effects have dragged the region’s share of global wealth, though it remains a long-term growth driver

There were ‘more millionaires than ever, everywhere’ in 2025, the bank said

Such clients can now get ‘something close to private-banking quality’ from the technology

The retrenchment comes after a broader pullback among global banks from dedicated ESG financial strategies

The lender is looking to sell at least US$500 million of perpetual bonds, says a source

About half of the money managers also say they are overexposed to the greenback

The financial regulator is working with private banks to shorten the time needed to open an account

The bank is eyeing growth by snagging a share of the US$83 trillion ‘great wealth transfer’