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UBS scraps $1.4 billion deal to buy Wealthfront

09/03/2022

Less than a minute

2022.09.03 00:10

UBS scraps $1.4 billion deal to buy Wealthfront
FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann

(Reuters) – Swiss bank UBS and automated wealth management provider Wealthfront said on Friday they have mutually agreed to terminate their $1.4 billion deal, as part of which Wealthfront was to be acquired by UBS Americas Inc.

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09/03/2022

Less than a minute