And the world's biggest private bank is.......


UBS kept its ranking as the world's biggest private bank last year, a study by wealth management researcher Scorpio Partnership showed on Thursday.

Reuters reports that with $1,737.5bn of assets under management, UBS retained its highly-prized first place in 2015, staying nearly $300bn ahead Bank of America Merrill Lynch which replaced Morgan Stanley in second place.

UBS saw a 1% fall in managed assets in 2015, while BofA Merrill Lynch's managed assets dropped 2% and Morgan Stanley's fell 2.8%.

Facing a slowdown in emerging markets, heightened volatility and hesitant clients, assets under management fell 1% in the overall industry, the private banking benchmark study showed.

To access the complete Reuters article hit the link below:

UBS retains positions as world's biggest private bank: study

BoE poised to cut rates to cushion Brexit hit to UK

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts