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Company: UBS

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Firms didn't have adequate programs for spotting red flags

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The US$8.1-million settlement will be distributed to harmed investors

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Stable income, rising wealth a bright spot for big global investment firms

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New winners and losers could change capital allocation decisions

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Survey finds wealthy investors hold 25% of their holdings in cash

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The drop is described as a natural correction, given market conditions

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UBS reports Toronto is the second most overvalued market in the world

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Family offices look to increase allocations to real estate, private equity in anticipation of a downturn

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130 banks have signed on to the Principles for Responsible Banking at the UN Climate Action Summit


Banking giant names new leaders for global wealth management and asset management operations