Why wealthy Americans love UBS, the secretive Swiss banking giant

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Why wealthy Americans love UBS, the secretive Swiss banking giant
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UBS's wealth management division has attracted wealthy foreign clients, due in part to strong Swiss secrecy laws.

With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks.

Amid major wars, Switzerland has remained stable and neutral, becoming a safe haven for global wealth.

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