UBS Dusting Off Plans To Spin Off Investment Bank

UBS is mulling a spinoff of its investment banking business as regulators are demanding more capital, according to Mediobanca SpA analysts. UBS ROE target delayed UBS, Switzerland’s biggest bank, said in October that its ambition to reach its 15% return on equity target in 2015 will be delayed by at least a year unless the regulator removes its demand.  UBS still expects to be able to boost its Basel III common equity ratio to more than 13% in 2014.  However the regulator’s demands for higher risk weightings to be assigned to litigation and compliance matters would delay the bank’s targeted…