Skip to main content

UBS Not Impressed With UBS

After some careful introspection, UBS has decided that in spite of CEO's Oswald Grübel rallying cry for the bank to return to profitability by expanding into Asia and the Middle East because "These are the markets where even we are growing", things aren't looking so hot over all. The firm's quest to reestablish credibility with clients and investors took a big step forward today when UBS decided to downgrade itself from 'neutral' to 'sell'.