Page 3 - Margot Patrick News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Russian buyers tend to cluster in a few US hubs and use their homes as primary residences, rather than rental properties.

UBS Group AG is buying online wealth adviser Wealthfront for $1.4 billion to reach the young rich and manage more money for people through their devices, the company said Wednesday.

The Credit Suisse version of ‘Partygate’ has claimed the scalp of a celebrated banker

Provided by Dow Jones By Margot Patrick UBS Group AG said it lost $774 million from the implosion last month of Archegos Capital Management, a bigger hit than analysts expected, deepening the damage caused by the fund. Switzerland's biggest bank by assets said it lost the money from closing out a U.S. fund's trades. It took $434 million off net profit in the quarter, which overall was up 14% at $1.82 billion because of a surge in investment banking revenue from strong stock markets. UBS said it has fully exited the fund's positions now and the additional losses ...

Provided by Dow Jones By Emily Glazer, Maureen Farrell and Margot Patrick Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidate many of its large positions, according to people familiar with the matter. The U.S. family investment firm's bets on a collection of stocks swelled in the lead-up to its March collapse, but parts of the investment bank hadn't fully implemented systems to keep pace with Archegos's fast growth, t...