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UBS Wealth Management is making a bearish call on global stocks.

The world’s biggest wealth manager just told clients to sell stocks — saying ‘brace for higher volatility’ from the trade war

"The threat to both the global economy and markets is clearly increasing," says UBS Wealth Management, which oversees more than $2.4 trillion.

UBS: Trump’s trade war is trying to take us back to the 1800s — but Harley Davidson has proved it won’t work

The escalating trade war being spearheaded by President Donald Trump is returning the world to a state not unlike that seen in the 1800s, in trade terms at least, according to a senior figure at Swiss bank UBS.
Paul Donovan.

One of UBS’ top economists tells investors to ‘take a deep breath and calm down’ over Italy

"Bond market moves do not break up monetary unions. Bank runs do. There is no evidence of bank runs," Paul Donovan wrote to clients of UBS Wealth Management on Wednesday morning.
Juerg Zeltner, President of UBS Wealth Management, gestures during an interview with Reuters at the Reuters Global Wealth Management Summit, Park Hyatt hotel, Zurich Switzerland, June 13, 2016.

The head of UBS’s £1 trillion wealth management business departs in major board reshuffle

Zeltner will be replaced by Martin Blessing, the former CEO of German lender Commerzbank.
Bitcoins and a ten pound note.

There’s a ‘fatal’ flaw in cryptocurrencies which means they can never be real currencies

"A currency has to be a widely used medium of exchange," Paul Donovan said. "Cryptocurrencies are never going to achieve that. Period."