Private Banks Urge Wealthy Asians to Shun Risk, Favor Credit

  • Credit Suise, Citigroup recommend investment grade bonds
  • U.K. property under pressure as banks may move, UBS says

Here’s some advice that wealthy Asians are getting from their private bankers after Britain’s vote to quit the European Union has thrown markets in turmoil: Add to corporate credit, avoid risky assets and expect U.K. property prices to drop.

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