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By Lars Mucklejohn Swiss banking giant UBS has reinforced its status as one of the world’s leading wealth managers after its market capitalisation sailed past $100bn (£79bn) shortly before the first anniversary of its landmark deal to acquire rival Credit Suisse. The majority (60 per cent) of UBS’ revenue comes from wealth and asset management. The wealth business is one that many other firms, including Goldman Sachs and Morgan Stanley, are trying to make more important to their models as it uses lower capital and generates less volatile earnings than investment banking. UBS triggered the bigg…

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