Pictet Broker Blames Integrated Bank Model for UBS Woes

Pictet-owned broker Helvea has blames UBS’s integrated bank concept for destroying shareholder value and has downgraded its basic earnings per share forecast for 2008 by 12 per cent. The $10 billion....

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By: Christopher Owen
December 13, 2007
Pictet-owned broker Helvea has blames UBS’s integrated bank concept for destroying shareholder value and has downgraded its basic earnings per share forecast for 2008 by 12 per cent. The $10 billion....