We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

No magic carpet

26 May 2011 By Margaret Doyle

UBS may make its investment bank a separate, nonSwiss entity. But only divestiture would guarantee capital benefits, and at the huge cost of losing private banking synergies. A less radical move, ringfencing it as a subsidiary, could cut capital charges whatever the location.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)