From UBS investor presentation: "All positions deemed non-core to be moved to a separate unit and exited alongside Credit Suisse’s NCU and SPG units."
SPG units have already been taken over by Apollo and only have some leftover assets at CS. What are the other non-core units?
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Not sure yet. But UBS CFO Sarah Youngwood said the their NCU will have a parameter "broader" than Credit Suisse's current NCU.
Not sure yet but UBS CFO Sarah Youngwood said that their NCU will have a parameter "broader" than Credit Suisse's current NCU
Not to fear monger, but I think non core will include majority of every group in investment bank except NY advisory based on their presentation slides that talk about only 'retaining strategic banking'
Bye bye markets for sure but for advisory, would this include capital heavy Levfin and FSG?
Wondering same
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