The world's best private banks: Private banking survey results index
Private banking 2008: Methodology
Press release 8 January
More on the Private banking survey
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WHEN UBS ANNOUNCED that it would be selling a stake to investors in Singapore and the Middle East in December, it highlighted the vulnerability of private banks that have investment banking businesses attached to them. As UBS’s chief executive, Marcel Rohner, put it during the announcement: "An investment bank can and will incur losses. But it should never drag the whole group into loss-making territory. Wealth management clients don’t like this uncertainty."
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