UBS: nowhere to go but up? UBS seemed invincible in its very recent heyday, It was vast, powerful and confident, Risky investments on the back of an economic downfall, however, ripped the carpet from under its feet, What does the future hold: a return to its former glory or a new, more modest existence?

Summary

---

NEWS FEATURE

See the full content of this document

Extract

---

UBS: nowhere to go but up? UBS seemed invincible in its very recent heyday, It was vast, powerful and confident, Risky investments on the back of an economic downfall, however, ripped the carpet from under its feet, What does the future hold: a return to its former glory or a new, more modest existence?

Hardly a day seems to pass without the newspapers carrying grim announcements from or for UBS: job cuts, further write-downs or a slew of weak economic data projected to continue battering the beleaguered bank.

Will it ever end? When? And how will UBS emerge?

In May, the Swiss banking giant posted a 2 billion Swiss franc net loss for the first three months of the year, on top of yet more write-downs and clie...

See the full content of this document

---