In the Margins
UBS’s New York-based Americas unit could go on the block, according to Alois Pirker, an analyst at Aite Group. Pirker, a former UBS employee in London and Switzerland, says the Swiss bank has “no interest in brokerage.” UBS Wealth Management Americas is a “marketing outlet” beset with moneymaking and profitability challenges, he said. Read the original story from New York Post.
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