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UBS Revamps Wealth Structure to Free Up Billions for Loans


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The New York Times
SOURCE: https://www.bloomberg.com/news/articles/2020-08-20/ubs-revamps-wealth-unit-structure-to-free-up-billions-for-loans
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Summary

UBS Group AG is overhauling the legal structure at its key wealth management unit in a move that will cut costs and free up billions of dollars for lending in higher-growth markets.

As said here by Marion Halftermeyer, Patrick Winters, Steven Arons