UBS Head Of Private Banking: No Bank Units For Sale

Thursday 4 September 2008 at 11:32

UBS AG's head of private banking Wednesday said the Zurich-based bank hasn't put any of its units up for sale after more than $42 billion in mortgage write-downs.

Speaking at a conference in Zurich on private banking, Raoul Weil reiterated previous statements from after the bank recently moved to separate its three main banking units - investment banking, private banking and asset management.