UBS (UBS) -7% in Zurich, which some are calling an overreaction. But the question, Helvea says,...

|About: UBS Group AG (UBS)|By:, SA News Editor

UBS (UBS) -7% in Zurich, which some are calling an overreaction. But the question, Helvea says, is not the scope of the loss, but rather the suspicion the "unauthorized trades" are just UBS's I-bank traders "trying just a bit too hard to justify its existence. Hopefully, it will lead them to shrink the I-bank even more and faster than they were contemplating before," firm adds.