What's the verdict on UBS IB?
(Baboon, 114
Points)
on 1/1/12 at 3:36am
Remember reading an article in the fall (around Sept. I think) saying UBS might spin off its IB division. Havent really seen anything new on it. I believe they are cutting 2,000 witihn IB though.





If you haven't see anything
If you haven't see anything new on it you haven't looked. This was widely documented and reported.
Go to their investor relations website and they'll show you which areas of the IB are staying and which are going. It boils down to this - they're mostly scaling down prop trading, and other types of trading. Most core trading and IB groups (M&A, LevFin, Corp Lending, etc etc etc) Are staying and may even grow.