UBS falls from favour

A company is often most vulnerable at the moment of its greatest success. That may be true of UBS. ...

A company is often most vulnerable at the moment of its greatest success. That may be true of UBS. For most of the past decade, the Zurich-based investment bank has been the class act of Europe. While rivals such as Credit Suisse and Deutsche Bank struggled, UBS powered forward, enjoying record profits and a surging share price. Now UBS is starting to look like one of the weaker members of the pack. Chief Executive Officer Peter Wuffli needs to get a grip on the situation - and fast. Once a bank's performance begins to decline, morale fades and it is hard to turn around. How should that ...