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>> UBS AG Latest News

JUL 11, 2013 - Washington Business Journal

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UBS surpasses Bank of America for top wealth ranking

Bank of America has lost its grip on a prestigious ranking, according to one outside study. Scorpio Partnership's listing of the world's top wealth managers says Charlotte-based BofA fell to No. 2 on the list. Switzerland's UBS AG is No. 1, moving up from second place last year. UBS increased its total worldwide assets under management to $1.7 trillion, a nearly 10% boost. BofA meanwhile increased its worldwide wealth management assets to $1.67 trillion, more than 5% above a year ago. UBS has…

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