Prior to the financial crisis, UBS was a highly profitable, if not tax-evading, bank. It was self-assured and knew its self-worth. The last few years, however, have taken a serious toll on the firm’s confidence and you know what’s not helping at all? Places like London fucking with UBS’s head re: how the government feels about it. In private, when they’re alone, UK officials are all, “We love you, you’re the one for us” and then in public it’s all, “Banks are evil! Down with banks! Sorry, whose number is this?” UBS Chief executive Oswald Grubel tried to play it cool for a while, acting like he didn’t care, but he’s officially hit his breaking point.
Oswald Grübel, the veteran banker who has led the Swiss bank back from the brink of collapse over the past two years, said: “The government is so quiet about [the City]. Only behind closed doors do they pay lip service to wanting to keep the City. If it is abandoned by the government one day, God help you.”
Enough is enough! Do you want UBS et al in your life or not? Grubel wants a commitment now. Not tomorrow, not in five years, now, today.
“Companies like us, who have 7,000 people in the City, have to make commitments, not from today to tomorrow, we have to make 15-year lease commitments. We would like to know where the City is going in the next few years.”
Okay so, just be straight with Os about your intentions. The guilt over stringing him along must be killing you, anyway, and, not making threats but just saying, it’d be a shame if someone had to “accidentally” pull the goalie to get you to force your hand.
UBS sucks.
That guy from UBS is a stone-faced liar. I pulled out way early.
Instead of making love, we play head games.
I thought I kicked this guy off a roof 20 years ago.
I thought I kicked this guy off a roof 20 years ago.
moral hazard begets unjustified indignation…. wonderful. now THEY’RE the injured party. jeezus.
so when do they tell Stamford that they pulling out of CT and moving all trading to NYC
I did not know that.
Are you sure?
After the new B-school grads accept the offers
If European, I’m a poopin’
Dammit…I’m pissed….Someone posted before me but here is goes anyway…
UBS Sucks…BTW Fuck Bleustein, Steinert and Karp….What a bunch of two-faced fucking assholes……
and this coming from a guy who once bit the head off a bat.
- guy who’s getting tired of Ozzy’s incoherent drivel
and this coming from a guy who once bit the head off a bat.
- guy who’s getting tired of Ozzy’s incoherent drivel
Perhaps UBS does suck however I think they suck less with oz at the helm. I would rather work for a guy that started as trader than a guy pretending he knows what I do for a living.
-former sell side guy
“I would rather work for a guy that started as trader than a guy pretending he knows what I do for a living……..”
That’s what they said at SemGroup.
Gruebel better shut his mouth and keep is head down. The recent indictment of the Credit Suisse private banker states that Credit Suisse was engaged in this dirty, illegal business for the last 53 years. Go check Greubel’s resume…you got it. He served in the leadership of Credit Suisse for almost 20 years before joining UBS in 2009.
Anybody want to take a bet that Greubel never travels to the U.S. again?