UBS restructures as rich clients flee.
| Fonction | NEWS |
UBS has announced that it will separate its troubled investment bank from its prized wealth management arm.
Analysts say the move paves the way to sell the business that made it Europe's biggest casualty of the credit crunch. But UBS says no move is underway.
The world's No. 1 banker to the rich succumbed to shareholder pressure, admitting the difficulty of keeping the two businesses integrated.
[ILLUSTRATION OMITTED]
As peers such as Credit Suisse seemed to emerge from the crisis...
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