Swiss Economicblogs.org
Investec Switzerland. UBS’s results are a reminder that even the strongest boats are being buffeted by the storm in financial markets. Tuesday’s slump in profit from both investment banking and wealth management sent the shares to the lowest in a year. It also puts in question the premium valuation the bank has enjoyed over its peers. The Swiss bank has been the model for European firms looking to reinvent themselves after the financial crisis — it moved decisively in 2012...
Read More »UBS’s miserable quarter
