UBS Rogue Trader Losses Might Make Its Brokerage Unit More Important Than Ever Hot
The massive bad trade that shook the Swiss bank yesterday is likely to force management to rethink its investment banking operations from the ground up, analysts say.
While there will be those who hope this will also encourage UBS to sell off its U.S. wealth management unit, that's actually less likely than ever now.
The wealth managers are still pumping a lot of cash into this company and have not been a major regulatory problem.
The investment bank -- and especially its ambitious proprietary trading desk -- have not been making much rain and are now evidently a huge risk factor.
We already know that UBS is still hiring advisors even though it has announced fairly extensive layoffs for the investment bank side. Yesterday's news doesn't change that equation.
This Website Is For Financial Professionals Only
- Despite Its Long Rap Sheet, Merrill Lynch Is Coopting The Fiduciary Message; Thundering Herd Will Beat A Glorious Path To Restoring Investor Trust
- Commonwealth Financial Network Announces New Advisor Affiliation Models: You Can Be A Fee-Only RIA And Leverage The BD's Services
- 2012 Report Identifies Top Five Challenges For Broker-Dealers Along With Industry Trends And Best Practices
- Lincoln Financial Advisor Defamation Case Highlights The Limitations Of Brokercheck