Unfounded Rumor Of The Morning: UBS

From the mailbag: “UBS Wealth Management in the US is starting to sell off branches – should be announced ‘shortly’ in Chicago.”

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1
Posted by guest | March 23, 2009 at 12:26 PM
couldnt have happened to a nicer company. Anit-semetic, theiving assholes. The top brass should relocate to jail.
2
Posted by guest | March 23, 2009 at 1:20 PM
Interesting — I’d think that the wealth management/private client business (aside from the tax stumbles they had earlier this year) is one of the only solid businesses UBS or anyone has left… why would they be selling?
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Unemployed? Make the best of your free time and figure out whats next at http://www.freeagentnet.com
3
Posted by guest | March 23, 2009 at 4:50 PM
55 branches sold to Stifel Nicolaus. $15Billion.
4
Posted by guest | March 23, 2009 at 4:50 PM
55 branches sold to Stifel Nicolaus. $15Billion.
5
Posted by guest | March 23, 2009 at 4:53 PM
Why break up a franchise like this? The competition is consolidating (Edwards/Wachovia, Smith Barney/MS). Your thoughts smart people?
6
Posted by guest | March 23, 2009 at 5:37 PM
@ 5 – That would disqualify me from answering but I’m guessing like the rest of the Birkenstock Brigade they might
a) think the US is fucked
b) will not agree to give up their secrecy laws after all and figure their clients might really enjoy visiting the Sprungli shop at ZRH.
Hint from FT: Maurer gave up his S Class and is driving a Peugot.
7
Posted by guest | March 23, 2009 at 5:40 PM
^ Sorry, Peugeot.

Dealbreaker