UBS top for covered bonds

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UBS is arranging more covered bonds than its competitors for the first time in at least 15 years even after the bank scaled back its fixed income business and focused on wealthy clients.

C Suisse confident in U.S. unit

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Credit Suisse is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with scepticism by some securities analysts and former officials at the bank.