Some firms that did badly still booked pay costs that pushed their investment-banking units into the red-most notably UBS.

一些做得不好的公司仍还在对它们的薪酬支付开销记账，这已经使得它们的投资银行部发生了赤字- - -这一现象在瑞银尤为明显。

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UBS failed to dispel concerns about the surging price of its ambitions to grow in investment banking, as higher expenses eliminated the benefits of a buoyant market in the fourth quarter.

瑞银集团(UBS)日前发布了第四季度业绩报告，未能消除外界对其大举拓展投行业务将付出高昂代价的担心，因为该公司的业绩报告显示，大幅上升的支出抵消了一个快速增长的市场对其收益的贡献。

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UBS is the leading global wealth manager, a leading global investment banking and securities firm, and one of the largest global asset managers.

瑞银是全球领先的财富管理机构、全球领先的的投资银行及证券商，及全球最具规模的环球资产管理公司之一。

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In his testimony, Sheik Meshal said that Omar Al Salehi, the UBS vice chairman of investment banking in the Middle East, offered him the fee at a meeting in mid-2009 when enlisting his help on the Zain deal.

WSJ: Sheik Spars With UBS Over $20 Million Fee

One aim of the reorganisation at UBS is to stop its investment-banking arm from funding itself with inexpensive capital thrown off by the wealth-management arm.

ECONOMIST: Bank strategies

The issues triggered a new strategy at UBS which aims to scale down its investment banking business and instead focuses on wealth management business and its Swiss bank.

FORBES: UBS Brokerage Biz Gives Swiss Something To Smile About In Q1