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Market Chatter: UBS Said to Push Wealth Clients to Place Leveraged Deposits at Middle Eastern Banks

MT Newswires·08/25/2026 05:52:52
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05:52 AM EDT, 08/25/2026 (MT Newswires) -- UBS Group (UBSG.SW) is pitching its wealth clients to place leveraged deposits at Qatar National Bank to benefit from the higher saving rates offered by the Middle Eastern lender, Bloomberg News reported Tuesday, citing unnamed sources. The Swiss financial services giant previously offered its clients a similar product for Saudi Arabia-based Al Rajhi Bank (SASE:1120), according to the report. UBS did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)