UBS Sees Leaders Exit, Expects Profit
UBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...
Sale of UBS-Americas Would Be ‘Nuclear Option,’ Says Expert
UBS may need to consider spinning off its U.S. operations as a worst-case scenario, according to recruiters and others.