UBS, Citi among banks hit by Asia rich clients’ pullback

The Straits Times Business News

July 15, 2022 2:31 PMSINGAPORE (BLOOMBERG) – A slump in client trading activity in Asia is threatening to slow a lucrative earner for the world’s biggest wealth managers. UBS Group and Citigroup are among banks whose wealth revenues for the region likely declined by double digits in the first half, people familiar with the matter estimated, asking not to be identified discussing private information.
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July 15, 2022 – 9:03 am /
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