Morning Scan: Credit Suisse Blasts UBS for Recruiting Brokers; SEC&#...

Wall Street Journal

Wells Fargo forged a deal with Credit Suisse to recruit the Swiss bank's U.S. brokers in its private banking business, as Credit Suisse moves to wind down that part of its wealth management group. But UBS has been unfairly raiding Credit Suisse's broker ranks, according to an arbitration claim Credit Suisse filed with the Financial Industry Regulatory Authority, the Journal reported. ...