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UBS remains world's biggest private bank: Study
short by Shubhodeep Datta / on Thursday, 14 July, 2016
Switzerland-based UBS retained its position as the world’s biggest private bank in 2015, a study by wealth management researcher Scorpio Partnership has stated. UBS had $1,737.5 billion managed assets by the end of 2015​, nearly $300 billion more than the second-placed Bank of America Merrill Lynch. However, the study reported a 1% fall in UBS' assets from 2014.