Article - UBS’ Investment Bank Keeps Losing Ground
UBS continued to lose ground in global investment banking during the latest reporting period, according to LSEG league table data, as rivals captured a larger share of advisory and capital markets activity.
The Swiss bank fell to 15th globally in announced M&A advisory fees while also ceding market share across its broader investment banking franchise. The data show continued declines in both M&A and equity capital markets wallet share, alongside weaker fee generation in EMEA and APAC.
The results come despite a significant recovery in global dealmaking. Industrywide M&A volumes and investment banking fees have rebounded, with many global banks benefiting from stronger advisory and capital markets activity. UBS, however, has continued to underperform many of its major competitors, resulting in further erosion of its position in several key league tables.
The latest figures extend a broader trend of declining global investment banking market share, particularly in advisory and equity capital markets, as competitors continue to gain ground across multiple regions.
Congrats on UBS!
This is probably the most concerning part of the CS integration. Cost cuts and synergies are one thing, but league table share is much harder to rebuild once clients move elsewhere. It’s clear many long term clients went elsewhere…
Every quarter it’s “just wait until integration is finished.”
Every quarter the league tables get worse.
Marco declares that integration will now be a 10 year affair, and deal flow is only expected to get better after integration is complete
When do they run out of excuses?
Clients don’t care about synergy decks. They care about who wins mandates… and UBS isn’t
UBS mandates that LSEG start publishing league tables upside down or they will cut their subscription
they’ve been saying “next year” for 4 years and it keeps getting worse every year
UBS Management Playbook:
-Wait until after Labor Day then we’ll see the market heat up
-Wait until the start of Q4 then we’ll see the market heat up
- Wait until the New Year then we’ll see the market heat up
-Wait until Spring and the start of Q2 when companies understand their annual budget, then we’ll see the market heat up
-Wait until after Memorial Day, then we’ll see the market heat up
-Wait until after Labor Day then we’ll see the market heat up
The market heated up and UBS didn’t.
DUDE DELETE THIS
sources tell me UBS’s pipeline is stable.
Please God.
“Stable” is certainly one way to describe a horse that’s already been put out to pasture.
Nothing more stable than an empty pipeline. It’s stable as in not changing anytime soon…
The Mass exodus has started and is in the third inning as insiders have lost all hope this thing will turn around
So many people left the past 2 months. It really does feel like a mass exodus is happening. Every American citizen is actively trying to leave (unless they are part of the barclays team).
What do the non Americans do?
Pitch in an out of touch way to American business owners and management
They stay and have a horrible time.
I've seen like 10 people cry in the past 6 months at ubs(not joking).
Bathroom by m&a group may as well be a crying room.
UBS M&A continues to abuse juniors only for crappy bonuses and no exits. The group is hell on earth with an attrition rate to back that up. The ultimate sign of a group being bad is multiple people crying daily and multiple people quitting with nothing lined up.
Would not wish UBS M&A on my worst enemy
When the grouphead has a Napoleon complex well what do you expect
UBS could evaporate and I wouldn't think twice but I've never been more convinced this entire thread is just one guy talking to himself.
So are you that guy or disproving this is all one guy with your post?
Yea, Drax. I'm the guy. Have a nice weekend
Pretty sure all these threads are just the same guy complaining
The first rule of a cover-up is convincing everyone there’s only one person asking questions
What is causing UBS’s recent underperformance? I personally blame the death of Harambe in 2016.
Harambe dies → Timeline breaks
↓
Internet loses faith in government authorities → younger generation leans into ridiculous ideas
↓
Brexit passes → European uncertainty rises
↓
Businesses delay investment and dealmaking
↓
Central banks keep rates near zero for years
↓
Cheap money fuels excessive risk-taking
↓
Credit Suisse piles into bad risks
↓
Archegos + Greensill blow up
↓
Confidence in Credit Suisse collapses
↓
Bank run begins
↓
Swiss government forces UBS to buy Credit Suisse
↓
UBS now believes they are the next Goldman Sachs
↓
UBS goes on massive hiring spree
↓
UBS hires delusional and flunky senior bankers from Barclays a firm impacted by brexit
↓
Good CS and UBS Senior bankers leave and clients leave, low confidence in new leadership
↓
Years of integration and restructuring distracts from serving clients
↓
UBS fails to win significant mandates
↓
More Senior bankers and clients leave
↓
UBS loses wallet share and M&A mandates
↓
UBS IB continued decline into spin-off, or restructure
Well said!
I agree, RIP Jarambe
George Bush met Harambe’s mom in 1998. What if harambe and his family master minded the Iraq war?
What should we expect for analyst bonuses if top-bucket? Understand analyst bonuses last year were around street for the large banks, but the bank is doing worse this year.
AN1: Top - $34k Middle - $28k - Bottom - $14k
AN2: Top - $44k Middle - $38k - Bottom - $18k
AN3 - Top - $48k Middle - $42k Bottom - $20k
All pretax numbers and varies by group obviously . Top is 3,3, Middle is 3,2, bottom is 2,2. If you get below 2,2 you will be RIFd soon enough.
Where are these numbers from, seems oddly specific? Also curious on 2,3 ranking: does it matter which metric you get the 3 on? How much would the numbers vary by group?
Pretty sure these numbers are fake.
For AN1 last year, 3,2 - $57k and 2,2 - $41k.
Would expect ~10% below that this year
These sound about right
Hard to beleive there are banks that pay like this in the year 2026. 15k for middle ranking is the same pay as people in corporate banking. The fall off of this industry when looking at inflation adjusted income is insane.
Those are ridiculous bonuses to get treated like crap.
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