UBS FICC restructuring
The strategic restructuring plan, announced yesterday, shone the spotlight on specific product areas; in this note, we focus on UBS’ strengths and opportunities in key client segments.
Drawing on our ‘360-degree’ profitability work and on the basis of the information released thus far, we view UBS Investment Bank’s RoAE and cost/income targets as very achievable …
… but struggle to square the severe reduction in RWA with the bank’s stated goal of retaining a meaningful presence in fixed income markets.
Download “Banks: UBS FICC restructuring” Tricumen_UBS-FICC-restructuring_Oct-12_public.pdf – Downloaded 1048 times – 83 KB