simple. banks have one asset that overrides all others.
(hint ...no, its not the one you calculate ratios with.)

It's TRUST. and UBS lost that a couple years ago...

There isn't one good reason for Wealth Mgmt clients to stay with them. Why would you stay with a bunch of buffoons who could not manage their own house? Especially when about three dozen guys down the street offer exactly the same service???

You can be sure that in a couple years' time there will be another bubble, and your bonus-chasing bankers will take your children's trust fund to the casino again - just like they did the last time... better go with a Julius Baer or a Pictet. They have no investment banking business - in other words, they aren't allowed into Las Vegas.