The Remarkable Rise of UBS as the Billionaires’ Bank

Welcome to Bw Daily, the Bloomberg Businessweek newsletter, where we’ll bring you interesting voices, great reporting and the magazine’s usual charm every weekday. Let us know what you think by emailing our editor here! If this has been forwarded to you, click here to sign up.

On a Saturday in March this year, FC Collina d’Oro was grinding its way to a 1-1 draw against Zug 94, rivals in a Swiss amateur league. The soccer ground in the south of the country is a modest one—no grandstands, just bleachers in the open air—but it’s perched on a hillside above Lake Lugano and surrounded by Alpine peaks.