© Reuters. FILE PHOTO: Colm Kelleher, Chairman of UBS Group AG, speaks during the Global Financial Leaders Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone SiuZURICH (Reuters) – UBS is not actively benefiting from the crisis at rival Credit Suisse, UBS Chairman Colm Kelleher told a Financial Times banking conference.
He also said rich clients at UBS, the world’s biggest wealth manager, were holding more cash than at any time since the financial crisis of 2008.
