Global Banks in Crossfire Between Chinese Authorities, Wealthy Elite

International wealth management firms received a fast introduction on how Beijing conducts business, when a UBS banker on a business trip to China was barred by authorities from leaving the country.

A sign of Swiss banking giant UBS is seen in silhouette in Zurich on Oct. 26. Fabrice Coffrini /AFP/Getty Images

News Analysis

International wealth-management firms recently received a fast introduction to how Beijing conducts business, when a UBS banker on a business trip to China was barred by authorities from leaving the country.