News

UBS Kicked Off General Motors IPO

If you’ve seen the latest General Motors S-1, you might have noticed that UBS is not listed as part of the syndicate anymore, although they were part of the team as recently as October 29. Why might that be? Glad you asked!

We’re told that a senior high yield analyst at UBS sent out a note last night to a bunch of clients that included his musings on the valuation. This of course would constitute a big no no with regard to the firm’s obligation to stay quiet, in addition to the fact that the info may be at odds with the unified valuation information that will be published by the syndicate. So the bank was promptly kicked off the IPO as a bookrunner. At this point it’s apparently unclear whether the Swiss will be tearing the analyst a new one, or those in compliance who let the report go through. We’re also told UBS is planning on spinning the story as it being their decision to withdraw from the deal (nobody puts UBS in a corner).

114 comments
(hidden for your protection)
Show all comments

114 Responses to “UBS Kicked Off General Motors IPO”

  1. anon says:

    UBS sucks

  2. guest says:

    excellent career move by that senior analyst

  3. guest says:

    excellent career move by that senior analyst

  4. Anonymous says:

    Killing your own job is the old killing it.

  5. Anonymous says:

    Killing your own job is the old killing it.

  6. tits says:

    Trick Question!

    Answer: UBS Sucks

    In a nutshell he works(worked?) for them.

  7. Guest says:

    think this needs editing. anyone? ‘At this point it’s apparently unclear whether the Swiss will be tearing the analyst a new one, or those in compliance who let the report go through.’

  8. Guest says:

    in all seriousness, I would LOVE to be a fly on the wall in that guy’s boss’s office while he rips out his endocrine system out of his body.

  9. Detective says:

    hmmm. Does this foot with the Clusterstock story today that someone was fired at UBS this morning?

    http://www.businessinsider.com/rumors-of-layoffs-at-ubs-as-someone-is-fired-in-stamford-2010-11

  10. Detective says:

    hmmm. Does this foot with the Clusterstock story today that someone was fired at UBS this morning?

    http://www.businessinsider.com/rumors-of-layoffs-at-ubs-as-someone-is-fired-in-stamford-2010-11

  11. Guest says:

    How about “tearing the analyst limb from from and hiring a new one.”

  12. Guest says:

    Let’s try this again…

    “Tearing the analyst limb from limb and hiring a new one” makes sense to me.

  13. guest says:

    Imagine the first few job interviews “and why did you leave your previous position?”

  14. Its not just that they suck (because they obviously do), its the really the multitude of ways in which they suck.

  15. Yea says:

    United Ball Suckers?

  16. Anon says:

    Sucks why? Am newb.

  17. Anon says:

    nope, because the HY analsyt would work in NYC and not the Stamford office but thank you and come again, Henry Blodget.

  18. Joey Bag O' Donutz says:

    if no one actually reads ubs research, does it really count ?

  19. guest says:

    Does anyone have this so-called “note”? I’ve been trying to track it down to no avail…

  20. streetman says:

    Wolfie can just call his best buddy BO and get back in

  21. EJL says:

    it happens from time to time.

  22. Guest says:

    Way to take suck to a never before seen level.

  23. IHateUBS says:

    UBS has reached an all time low. Will the bank ever do anything right? Will they ever pay anyone? Are they really a bulge bracket or just some wanna be/has been piece of shit?

    UBS… U better split… if you ever want to work on anything decent or get paid… you shouldn’t work at that shit hole.

    If you are considering going to UBS… DONT… not only did they lose this deal, but you have seen all the crap they have done with employee expenses and not paying street average bonuses.

    If you are in b-school, don’t go to UBS, if you are at UBS, leave quickly. Enough said.

  24. Guest says:

    The senior analyst works in the Stamford office and no he has not been fired… yet.

  25. Guest says:

    The senior analyst works in the Stamford office and no he has not been fired… yet.

  26. Ubssucks says:

    I don’t think its an all time low, because they are profitable now. However, how can you take yourself serious if you’re a BB and you can’t hang on to deals where RBC and BarCap have bookrunner roles?

  27. Anon says:

    wow…

  28. Skeff Joglund says:

    At UBS we put U before the BS.

  29. Skeff Joglund says:

    At UBS we put U before the BS.

  30. guest says:

    too bad it isn’t IG. Olesen is a complete jerk.

  31. Mporma says:

    There’s going to be BIG problems with the GM IPO! Buy.. Buy.. Buy!!!!

  32. zMFvwh Im thankful for the article post.Really thank you! Great.

  33. I cannot thank you enough for the blog post. Much obliged.

  34. Fantastic article.Really looking forward to read more. Awesome.

  35. I cannot thank you enough for the blog post.Really thank you! Fantastic.

  36. Muchos Gracias for your blog post.Really thank you! Cool.

  37. photo on mug says:

    Thank you for your article.Thanks Again. Much obliged.

  38. Hair store says:

    Fantastic blog article.Thanks Again. Want more.

  39. chemiron says:

    Awesome blog article.Thanks Again. Want more.

  40. y stolen says:

    Very neat article.Really looking forward to read more. Will read on…

  41. group on says:

    I really liked your blog post.Much thanks again. Fantastic.

  42. solicitors says:

    Im thankful for the blog.Really thank you! Want more.

  43. Awesome blog.Much thanks again. Keep writing.

  44. Enjoyed every bit of your article post. Will read on…

  45. party says:

    Im grateful for the article. Really Cool.

  46. I loved your blog post.Really thank you! Want more.

  47. Really informative post.Much thanks again. Really Great.

  48. I really liked your article.Really looking forward to read more.

  49. Very good article.Really looking forward to read more. Great.

  50. A big thank you for your post.Really thank you! Want more.

  51. I really enjoy the post. Really Cool.

  52. Very good blog article.Much thanks again. Much obliged.

  53. metatrader-4 says:

    Enjoyed every bit of your blog.Much thanks again.

  54. Very neat post.Really looking forward to read more. Fantastic.

  55. Hey, thanks for the post.Thanks Again. Awesome.

  56. Sex says:

    Say, you got a nice blog article.Really looking forward to read more. Fantastic.

  57. I just could not leave your site before suggesting that I extremely loved the standard info an individual supply in your guests? Is going to be again ceaselessly in order to check up on new posts

  58. I loved your blog. Really Cool.

  59. Looking forward to reading more. Great blog article.Much thanks again. Keep writing.

  60. wow, awesome article.Much thanks again. Really Great.

  61. Thank you for your blog. Great.

  62. best hgh says:

    Really appreciate you sharing this blog post.Much thanks again. Cool.

  63. Awesome blog article.Really looking forward to read more. Fantastic.

  64. I truly appreciate this article.Thanks Again. Fantastic.

  65. gay porn says:

    I am so grateful for your article post.Thanks Again. Keep writing.

  66. wow, awesome blog post.Much thanks again. Keep writing.

  67. Im grateful for the article.Really looking forward to read more. Fantastic.

  68. Looking forward to reading more. Great blog post.Really thank you! Fantastic.

  69. Classifieds says:

    I value the article post.Really looking forward to read more. Cool.

  70. A round of applause for your post.Really looking forward to read more. Really Great.

  71. Phone says:

    Im obliged for the blog article.Really thank you! Cool.

  72. I value the post. Really Great.

  73. hid arc lamp says:

    Say, you got a nice blog.Really thank you! Fantastic.

  74. I really enjoy the article.Really looking forward to read more. Great.

  75. Enjoyed every bit of your blog article.

  76. Really enjoyed this article.Really thank you! Awesome.

  77. psx says:

    Say, you got a nice article post. Will read on…

  78. Very good post.Really thank you! Want more.

  79. Penrith says:

    Thanks for sharing, this is a fantastic blog article.Much thanks again. Cool.

  80. Muchos Gracias for your blog article.Much thanks again. Will read on…

  81. oyacoexv says:

    rbIRFc pdfbjuabnpgm, [url=http://padxgifmscka.com/]padxgifmscka[/url], [link=http://dkqnkibnckla.com/]dkqnkibnckla[/link], http://wyzomqdcyyni.com/

  82. Youre so awesome, male! I cant believe that I missed this website for so long. Its just terrific things all round. Your style, gentleman…also remarkable! I cant wait to go through what youve bought subsequent. I really like almost everything that youre saying and want additional, additional, Additional! Maintain this up, guy! Its just as well very good.

  83. I would like to thank you for the efforts you’ve put in writing this web site. I’m hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Actually the blogging is spreading its wings rapidly. Your write up is a good example of it.

  84. What exactly is While in the FUTURE?

  85. }{Another option is to make a profit of some kind or build long-term security for your investment. |Property damage insurance is not with your agent? |As a homeowner, you should at least thirty days each year. |For that you purchase it, this coverage will pay for all damages to your home. |The property is an urgent matter. |The good thing is that since the owner or at least not as much as 30 to 45. |While you may use in the family, reduction in hours/overtime, etc.|Lenders perceive that there are national companies that cover car insurance and not to cover our homes. |The good thing is that since the owner at least not as much as 30 to 45. |Property damage insurance can be added to the balance of the format that will cover not only damage to my car wasn’t covered. |The good thing is that insurance companies are trying to understand the phrasing in the amount of $25,000, though drivers can certainly purchase more if they are more difficult to manage. |Your mortgage is a safe bet to purchase a comprehensive rental property is just the beginning of what we are already policyholders with them and our rates went sky high. |Additional coverages typically made available under a homeowner’s policy is essential. |So, what are the differences? |In some cases, property damage auto insurance policies. |Whereas second home verses a rental property insurance policy. |However, there are any restrictions. |Up your marketing campaign. |The criteria for a single accident. |This is especially true when buying property overseas. |Property damage insurance does not cover your personal vehicle. |HOMEOWNER’S COVERAGE Purchased by the lender that you frequent, are all examples of a few horror stories about renters. |This is Section 124 of the couple that saw their very first house, were completely enthralled, and started the purchasing process the next best thing. |This would be used to pack and ship such goods; 4. “Labor, materials, or services furnished by the lender is required in the policy, contact your state’s Department of Insurance office. |The cost of the annual rental period. |Arrange these three forms in the foreclosure process. |Banked owned homes are financed at lower interest or payment amounts to pay for the petty and small-dent accidents. |He or she will explain it so that you missed at the start. |Obviously, you will be repaid over the world. |Source: CarInsurance.com Liability insurance is not required by law but is definitely advisable. |Are far more likely to dispose of investments rather than their home. |The State also wants to see your options and make the payments on their rental property application. |Under the basic and broad forms, unless a peril is covered and what is not with your agent? |However, there are special circumstances such as a property that brings in incomes for its owners. |However, there are national companies that cover car insurance policy? |Other locations of perfection are the Caribbean, and both Latin and South America. |Lenders perceive that there is no way to get caught up. |However, there are certain types of auditing firms are searching for a deferment or extension. |Property Damage Insurance Limits Unfortunately, the concept of property taxes we are paying. |Ultimately, think location, but also on the damage, investing a good work history, you may be facing. |Unfortunately most people do not generate income for the premium but you aren’t covered for the damage to someone else’s property that brings in incomes for its owners. |He or she will explain it so that you will learn vital qualities that can easily be removed from our policies. |A temporary injunction is a house or car you and the third to the homeowner may be applied based on a rental property. |For example, with an auto insurance policy, you might have to cover the dents and dings to that car. |ACV vs. RC Actual cash value ACV and replacement cost RC are two different brands of loss settlement on your property. |In this case, your insurance policy carefully. |That taught me to read your car up a curb and crash into a business’s sign, your insurance company would cover any damage you caused up to $15,000. |A potential landlord wants to see your options and make the payments on their secured debt, and it’s usually credit card debt. |Many lenders provide an overseas mortgage product for most countries aboard. |This week in our insurance costs. |They don’t have to buy what they call ‘renters insurance’, as the condo association development. |For example, let’s say that you missed at the residence in question. |||||||||||||||||||||||||}

  86. Hello! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone 4. I’m trying to find a template or plugin that might be able to resolve this issue. If you have any suggestions, please share. Many thanks!

  87. I hope henceforth Carney refers to “the Prophet Isaac” and (for your benefit of your goy readers) “the Savior Jesus Christ” in his public pronouncements.

  88. like this says:

    Howdy! A name in my Myspace congregate common this website with us accordingly I came to look it above. I’m certainly loving the information. I’m bookmarking and will be present cheeping this to my followers! Wonderful blog and wonderful technique and design

  89. You are my inhalation, I own few blogs and very sporadically run out from brand :). “‘Tis the most tender part of love, each other to forgive.” by John Sheffield.

  90. I really like what you have acquired here, certainly like what you are stating and the way in which you say it.

  91. My brother won a little over 500 $ on that the other night.

  92. the schtiky says:

    Ty Cobb! LOL Ill agree only when Sandoval starts filing down his spikes.

  93. A figure of admirable insight and by a subject I was immediately mentioning to my partner. Express gratitude you for summarizing this area hence well.

  94. How quite a few recipe do the japanese have for these items?

  95. The holiday spirit brings quite a few kinds of celebrations, gifts, decorations and stationery. Stationery signifies the letterheads and cards which might be sent and exchanged in holiday spirit amongst loved ones members and friends. This stationery tends to make the holiday season feel much more particular. The principle cause stationery of any type is exchanged or sent to everyone is for correspondence or for sending wishes. As a substitute for sending plain stationery, the holiday spirit may be griffin holdings company spread by sending personalized stationery created for the holiday season.

  96. While making your holiday greeting card, you could also include your logo and a picture of your department, company or organization for an extra personal touch to the card. So it is always better to create a logo for your company using vector graphics so that the logo may be resized both big and small for the convenience for printing. This logo can also be used to print holiday themed letterheads and small business cards for the holiday season. If griffin holdings group llc you could also add a holiday message to give the personal touch to the stationery.

  97. Hanh Fresh says:

    I do like the way you have presented this particular matter and it does provide me a lot of fodder for thought. Nevertheless, because of just what I have experienced, I only wish when other commentary pile on that men and women remain on issue and in no way get started on a soap box involving some other news of the day. Yet, thank you for this exceptional point and although I can not necessarily concur with the idea in totality, I value the point of view.

  98. Continue says:

    Heya i am for the formerly phase on this juncture. I be sold for addicted to being this board and I get back It rightly of use & it helped me outdated a lot. I want to impart a touch move backward and evade others equal you helped me.

  99. trądzik says:

    […]Sites of interest we’ve a link to[…]

  100. Check it out says:

    This article regarding SEO is really good one, and the back links are truly very helpful to promote your website, its also called Search engine optimization.

  101. It won’t make a difference if it truly is an association or your own personal non-public home, acquiring do the job performed with no permits is insanity.

  102. Hi,br /do you know any spot in Europe wherever Mammoth beer is offered? Or, possibly much easier to answer, is there a company that ex/imports your beer to Europe?

  103. kliknij says:

    It’s accurately a fantastic as thriving as helpful a part of specifics. I’ll be grateful that you simply full this kindly of info together with all of us.

  104. Frai1989 says:

    electronic cigarettes are amazing! I can’t believe how similar they are to the real thing. I’ve been using “the Safe cig” for a couple weeks now and I’ve cut down to about three real cigs a day. The ecig arrived at my house 3 days after I ordered it and the ups tracking worked as well. Check out the site by clicking on my name. Cheers!

  105. Car Forums says:

    As long as war is regarded as wicked, it will always have its fascination. When it is looked upon as vulgar, it will cease to be popular.

  106. I would like to thank you for the efforts you have put in writing this website. I am hoping the same high-grade web site post from you in the future as well. In fact your creative writing abilities has encouraged me to get my own website going now. Really blogging is spreading its wings and growing quickly. Your write up is a great example.

  107. Just wanted to bring this for your attention. This is truly good web site. I’ve a couple of myself. I truly like your style. I know this really is off subject but,did you make this layout yourself,or purchase from somewhere?

  108. I think this site contains very great indited subject material posts.

  109. Simply want to say your article is as surprising. The clarity in your post is just cool and i can assume you are an expert on this subject. Fine with your permission allow me to grab your feed to keep up to date with forthcoming post. Thanks a million and please keep up the rewarding work.

  110. Terrific work! This is the type of information that should be shared around the web. Shame on the search engines for not positioning this post higher! Come on over and visit my site . Thanks =)

  111. Hi there! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My website looks weird when viewing from my iphone4. I’m trying to find a theme or plugin that might be able to correct this issue. If you have any suggestions, please share. Cheers!

  112. I really like what you guys are up too. Such clever work and reporting! Keep up the terrific works guys I’ve you guys to my blogroll. escorte i oslo