Rich clients fuel bank profits.
Profits at Switzerland's top banks rose in the first three months of 2005 due to peak demand for private banking But the two largest Swiss banks say they are getting more business from people than from companies.
Net profits at UBS were SFr 2.6 billion while Credit Suisse made SFr 1.9 billion. And both reported their gains came from offering discreet services to rich clients--long the...
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