MINSK / WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of ...
Read More »UBS’ Orcel sees rocky 2018 for banks’ profit as MiFID kicks in
Bloomberg UBS Group AG sees bank profits under pressure as European regulations force lenders to charge for research, breaking apart a decades-old business model that’s prompted a race to provide the cheapest offering. “It will be challenging and it will be rocky†Andrea Orcel, head of UBS’s investment bank, said of the impact of the MiFID II directive in a ...
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