UBS Group AG and Bank of America Merrill Lynch stand atop the private-banking industry, managing more than $3 trillion for the world's wealthiest people even as assets slid.
The private bank at Zurich-based UBS oversaw $1.74 trillion at the end of 2015, compared with $1.75 trillion a year earlier, according to an annual study by London-based consulting firm Scorpio Partnership. Bank of America was second with $1.44 trillion, while Morgan Stanley dropped one spot in the rankings to N ..
