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UBS Exiting Unpromising, Risky Business

Apr 16, 2009

Disappointing words from UBS CEO Oswald Grubel in a pre-announcement on Q1 results are accompanied by vague and ominous talk of getting out of some areas as the bank targets further cost-saving. “UBS will exit high-risk and unpromising businesses. The bank is currently conducting a review to make clear decisions about which businesses it will remain...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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