UBS Wealth Management Combination Makes It King

The enormous restructuring that Swiss bank UBS has undertaken since the financial crisis has made the group substantially financially stronger and reduced its dependence on capital-intensive capital market activities according to a new report from credit rating agency Moody’s. Retail Apocalypse? 4k Net New Stores To Open In 2017 UBS, which once held the title of owning and operating the world’s largest aircraft hangar-sized trading hall, has slashed it’s exposure to capital markets since the financial crisis. Last year, capital markets activities accounted for just 26% of UBS revenues, compared to 41% for its peer Credit Suisse and the same…