UBS Mulls Investment Bank Overhaul

UBS is considering a revamp of its investment bank to achieve more consistent results and improve efficiency. The bank's return on equity is currently low compared to other operations. This potential overhaul may involve significant job cuts, although no final decision has been made. The inconsistency in the bank's performance, particularly in M&A and bond issuance, has drawn scrutiny. The banking industry as a whole is experiencing job cuts, with other major banks like Citigroup and Deutsche Bank also reducing their workforce.

What are the potential changes UBS is considering for its investment bank?

How might UBS's investment bank improve its efficiency according to the text?

Why is UBS's investment bank facing scrutiny according to the text?

What was the performance of UBS's investment bank in the first quarter compared to the second quarter?

What are the implications of job cuts at UBS and other banks in the industry?