op you are wrong. WFC is ranked quite high on I banking league tables. UBS
is a swiss bank and it has a pretty solid investment banking division not so
strong in US but pretty good in Asia and Europe. However, it doesn't have
access to fed's window because it is not a US bank. I think Obama is trying
to reenact Glass Steagal where a bank has to separate its investment
banking unit from commercial banking. This will hurt any business bank that
has IBD.(IE, JPM,BAML,C,Wells Fargo...etc)