Internal dispute: The Swiss bank UBS headquarters in Zurich. Discussions are ongoing about how profits are shared between the wealth management and investment banking businesses. — Reuters
ZURICH: UBS Group AG is in talks about ending the stand-alone status of a key unit that deals with some of its richest clients because of internal wrangling about how profits are shared between the wealth management and investment banking businesses.
The Swiss wealth manager is weighing plans to replace a system that allocates varying shares of profit between the two businesses based on different products and services with a more fixed agreement that will govern transactions between them, according to people with knowledge of the matter.
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