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Also it is worth noting that outflows were not enormous. Something like 43 billion againt 2500 billion invested. | |
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You surely factored in the fact that the inflows have swung from positive 50 billion to negative 50 billion? Ah.
6% down on AuM is big for any private bank. Especially so if part of it is institutional money.
You also factored in the leverage effect due to C/I ratio deteriorating? Ah.
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| Something that we don't know though is which one of UBS' rivals you work for.  | |
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Rest assured my analysis has been proved right regardless of employer.