Giles Broom

The wirehouse will consider the move if “conditions remain as they are or grow worse,” CEO Sergio Ermotti says.

Swiss banks will on the whole meet the deadline for delivering information on offshore accounts to the U.S., improving their chances of settling with the Justice Department this year.

UBS, Switzerland's biggest bank, leapfrogged Morgan Stanley and Bank of America to become the world's largest wealth manager by client assets, according to a ranking compiled by PAM Insight SA.

Thirteen Swiss banks face rising stakes in their own criminal probes after Credit Suisse Group set a new standard for punishment in the U.S. crackdown on offshore tax evasion.

UBS AG, the Swiss lender shrinking its investment banking business, overtook Bank of America Corp. to top a ranking of the world’s biggest wealth managers compiled by Scorpio Partnership.

Credit Suisse Group AG said it’s increasing the proportion of assets under management from super- rich clients, helping to boost profit margins at Switzerland’s second-largest wealth business.

BlackRock Inc., the world’s largest asset manager, agreed to buy an exchange-traded funds unit from Credit Suisse Group AG to boost its presence in Switzerland.