UBS planning to separate investment bank: report

(Reuters) - Swiss bank UBS <UBSN.VX> is planning to separate its investment bank and incorporate it outside of Switzerland to placate regulators, the Wall Street Journal reported on Thursday.

UBS is considering incorporating its investment bank, which lost billions during the financial crisis and was rescued by the Swiss central bank, in London, New York or Singapore, where it would have its own capital and be overseen by local regulators, the WSJ reported.

(Created by Lincoln Feast; Editing by Dean Yates)