More tough luck for UBS Group

More tough luck for UBS. The restructuring Swiss banking group seems to have missed the chance to unload its US brokerage. After repeated discussions about selling the old Paine Webber, UBS is reportedly seeking some new bosses for the business. Their one aim should be to dress up the operation for a potential future buyer. The US brokerage has outlived its UBS shelf-life. What may have made some sense in 2000, when UBS was trying to establish a major US presence, makes hardly any at all nearly...