Would the private bank be better off on its own?
UBS has finally given up pussyfooting around the redundancies issue. Instead of 1,500 cuts here and there, it appears to be opting for stronger medicine in the form of 8,000 cuts in the months to come.
But why opt for foul tasting expediencies when there’s the possibility of major surgery?
After shares in UBS fell to their lowest level in nine years earlier this week, no options are off the table – and the best option may be to split off the investment bank.
Should UBS private bankers get mean? Vent your spleen below…