UBS AG, Switzerland’s biggest bank, is considering a spinoff of its investment-banking business as regulators’ demands for more capital thwart efforts to boost returns, according to Mediobanca SpA analysts.
Valerie Thompson went from a childhood hawking fish, fruit and vegetables in London’s run- down East End to a Eurobond star at Salomon Brothers Inc. when it was the world’s biggest trading firm. Like the successful trader she was, she got out at the top.
Eurodollar bonds produced better risk-adjusted returns than Treasuries in the past 25 years. Now they’re poised for their second-only losing year, showing how much the prospect of an end to the Federal Reserve’s asset purchases has rattled global markets.