UBS has been voted the top bank for European equity research for the eighth consecutive year, despite a difficult 12 months for the Swiss bank, which has been forced to launch a discounted rights issue to shore up its balance sheet after posting writedowns of $37bn (â¬23.7bn).
The Swiss bank has maintained its top position in the Thomson Reuters Extel industry survey with Merrill Lynch beating Citi Investment Research to second place, having ranked third for three consecutive years.
