What the banking turmoil means for investors’ portfolios
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Is the UBS Acquisition of Credit Suisse a Good Thing?
UBS will likely be the world's second largest wealth manager with around $3.2 trillion in client assets. The latest view from UBS management is that they should now be able to achieve some of that scale enhancement inorganically through this acquisition of Credit Suisse. And building on what you just outlined, how do you expect this to ripple through the economy? And does this measure draw a line under these banking stresses? Or do we still need more time to see that?
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