Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Reuters Breakingviews: UBS repair job on track

Tuesday, Feb 05, 2013 - 04:58

Feb. 5 - The Swiss bank has moved on from Libor woes, slashed risk and is buying back debt. The foundations are laid for its investment unit rebuild, says Breakingviews.

▲ Hide Transcript

View Transcript

UBS is laying the foundations for a rebuild of its investment bank have a job is on -- says Roy is breaking views. With me now to discuss that side is the bank economists Dominique -- us. There's just got a call would you be calm. But it's on track. It is on track kids I think UBS has made. Excellent progress it had about the group had about 300 billion Swiss francs in in risky passes at the end of last year. Now it's down to about 258 it's told it is to get to it. 200 -- 2017 the end of twenty some teams and it's it's already halfway then that's that's just a year and giving them the benefit but now. Why I mean you know I think they're doing very well senator we'll have to see I mean this is the starts. They've they've -- radical the all the foundations laid and now it's all about. Whether they can execute over the next few years that they -- -- time to do and what. On the other side of wealth management -- -- was -- -- -- -- that's right I mean the margins is down and margins how you make money in and wealth management. That's partly because interest rates globally. So little time lies so that has made it very Hoffman but they'll have taken less money. From condoms than than they -- you money that is. -- -- just -- US has been a bright spots in the idea why why -- the US been doing so. Welcome question on I think is probably because they managed to put to bed some of the tax issues that would. Surrounding them I'm making quick to move on that maybe some of the other Swiss banks. But you know I I think maybe. The switch -- united it's this is also a story about recovery the US is recovering. More quickly. -- What what what again I know we we can't go -- Off the record cold but what more do you believe they won't do over the next twelve months to get the investment banking business with -- But I think it's a bounce trying to make sure that the right people so they've already made some line is that going to try and make sure that if you mole. Name they need to see if they can. Convince clients that actually this new look investment bank can do all the things that -- -- rather compact has continued. But just isn't going to use as much Balanchine and I was always the pink and Chick Flicks can. Well I mean safari is get a minute account to markets and advisory revenues have held up strongly now -- of the business that they've. -- a way of obviously and in the revenues that have have slumped and all but it's not as much as some honest with fearing. -- that doesn't have to be a fairly solid proposition -- -- -- was he more complex and Amos. You'll see a normal stall coming to face today. I mean half a very small fraction of the 101000. Or so install things about some 6000 from the -- and by the -- you -- Two guys who have gone and that there will be a lot more of those stuff going -- at the time. So just to finish with. The numbers out this morning yes wealth management is disappointment that what that what -- bright spots but. Generally speaking you feel pretty bullish about whether this is kind -- -- What they've done is fickle this very strong capital position and they -- homicide -- -- -- to the how to get one anyway another cardinals have risk. The capital position is sort of. Is suddenly industry -- side just gives them the confidence they can play around the bed and and then off to war. Okay great company thanks for much of it don't -- yet. From breaking views -- what -- US show. That comes on every -- twelve birdies in 1730 GMT. You can read the full UBS breaking news story on the -- b.'s website of course an axle problems sources.

Reuters Breakingviews: UBS repair job on track

Tuesday, Feb 05, 2013 - 04:58

Money »

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

Markets cheer Russia's Ukraine exit Markets cheer Russia's Ukraine exit

Fri, Aug 08, 2014 - (1:50)

Russia, Iraq push Dow to three-month low Russia, Iraq push Dow to three-month low

Thu, Aug 07, 2014 - (2:27)

Wall Street gains but telecom disconnected Wall Street gains but telecom disconnected

Wed, Aug 06, 2014 - (2:28)

Stocks zapped by energy weakness Stocks zapped by energy weakness

Tue, Aug 05, 2014 - (2:46)

Stocks recover with refocus on earnings Stocks recover with refocus on earnings

Mon, Aug 04, 2014 - (2:19)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)