4 ms·
UBS has been very clear that they intend to gut the investment banking arm and continue the universal banking arm. This should prove a cash cow for UBS so long
by psychphysic 4y ago
UBS has been very clear that they intend to gut the investment banking arm and continue the universal banking arm.
This should prove a cash cow for UBS so long as they ruthlessly trim CS.
The final deal is a bit different from OP 3.3bn, 100bn liquidity and 8bn indemnity from losses (more than market value of CS Friday!)