UBS Family Office Clients Cut US Exposure in Wealth Revamp

UBS Group AG jumped as much as 10%, putting it on track for its biggest gain since March 2020, as optimism increased around its takeover of its largest rival. The move reflects improved investor sentiment toward the bank and the deal, rather than a broader macro development.

Analysis

UBS Group AG jumped as much as 10%, putting it on track for its biggest gain since March 2020, as optimism increased around its takeover of its largest rival. The move reflects improved investor sentiment toward the bank and the deal, rather than a broader macro development.