UBS weighs retaining Credit Suisse unit serving India’s rich

UBS Group is considering the retention of Credit Suisse's Indian private banking unit after the emergency rescue of its rival last month. If the considerations are approved, UBS would be given a stronger foothold in the increasing number of Indian billionaires while effectively marking Khan's return to his past role at Credit Suisse. UBS opted along with other leading firms to withdraw from India's private-wealth market by 2014.

from Banking/Finance-Industry-Economic Times https://ift.tt/b0liVm7