UBS Investment Bank Lags Behind US Peers Amid Deal Slowdown (1)

UBS Group AG struggled to keep up with Wall Street peers’ investment-banking and trading results in the third quarter as dealmaking and equity issuance dried up amid fears of a global economic contraction.

Revenue at the global banking business -- which includes advisory and capital markets -- fell 58% in the period, compared with a drop of about 53% across the big U.S. banks. Equities revenue also fell more than the Wall Street average, though fixed income was a bright spot, up 64% to $595 million.

UBS Flows, Costs, Capital Shine vs. Equities, Fee Slide: React

After the third straight ...