IN BRIEF (Page 20)
China Daily | Updated: 2008-08-12 08:15
Clients pull funds
UBS AG, the world's biggest money manager for the wealthy, may report that private-banking clients removed funds for the first time in almost eight years in the second quarter as losses at the securities unit mounted.
Clients probably withdrew a net 5 billion Swiss francs ($4.6 billion) in the period, according to the median estimate of 10 analysts surveyed by Bloomberg.
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