Strong quarter for Credit Suisse and UBS as stateside sales increase
Credit Suisse and UBS are two of the main providers of structured products, not just in their domestic market Switzerland but globally. Between them they racked up estimated sales of US$4.7bn from more than 1,500 products (excluding leverage and flow) in the first quarter of 2017, up from $4.2bn (900 products) during the same period in 2016. Both banks achieved their highest sales in the USA where $2.5bn was collected from 1,100 products in the quarter.
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