This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UBS May Not Be Working on Investment Banking Split After All

In a 2010 report, Wheeler made the case that British conglomerate Barclays (BCS) should split its investment bank from its commercial bank as a means to improve the firm's share price. At the time, he calculated such a move could lift Barclays shares by 39%.

Since 2010, Barclays shares have been range-bound. Over the past year, shares in the bank also underperformed the FTSE 100.

SImilarly Wheeler has been critical of Deutsche Bank's (DB) attempts to continue to operate as a universal bank with investment banking and commercial banking operations on a single balance sheet. The analyst also said in a May 2013 report that the U.K government may be working on plans to sell its stake in Lloyds Banking Group before divesting a similar rescue investment in Royal Bank of Scotland (RBS).

-- Written by Antoine Gara in New York

Follow @AntoineGara

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BCS $15.98 0.00%
UBS $20.22 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs