UBS, whose widely-praised investment banking restructuring was overshadowed late last year by the Kweku Adoboli and Libor-fixing scandals, was today tipped for success in a clutch of research reports on European banks.

The Swiss bank underwent radical restructuring in 2012 and in October announced plans to cut 10,000 staff and all-but-exit fixed-income trading, a capital-intensive business. The move to slim its investment bank was roundly praised by analysts at the time. In November, Morgan Stanley said in a note that the sweeping changes at UBS "have raised the stakes" for rivals.