UBS Looks to Jettison $5 Billion in Credit Suisse Assets

UBS added plenty of new wealth management assets in the latest quarter, but it’s also working to rid itself of some assets of Credit Suisse, the former rival it acquired this year. 

UBS (ticker: UBS) said its Global Wealth Management unit saw the addition of $22 billion in net new money in the quarter, including positive inflows in the Credit Suisse Wealth Management segment for the first time since the first quarter of 2022.

“The…