• 25 Oct 2011 at 12:17 PM
  • Banks

UBS Clients Don’t Get Out Of Bed For Less Than $50 Billion In Losses

By

So far, the trading scandal doesn’t appear to have significantly hurt the confidence of UBS’s wealthy clients, who had pulled hundreds of millions of francs from the bank in 2008 and 2009 after Swiss authorities had to bail out UBS following about $50 billion in securities write-downs. A bruising tax evasion battle with the U.S. also drove clients away. UBS only managed to stem the exodus of clients late last year. [WSJ]

Comments (52)

  1. 1
    Posted by guestapo | October 25, 2011 at 12:56 PM

    Maybe this means Kweks can get his job back, no hard feelings?

  2. 2
    Posted by Guest | October 25, 2011 at 1:05 PM

    Challenge accepted.

    – UBS star trader

  3. 3
    Posted by Anonymous | October 25, 2011 at 1:07 PM

    what's the over/under?
    (days to get it done)

  4. 4
    Posted by 2_Small_2_Bail | October 25, 2011 at 1:09 PM

    If you need more fire power, I'm available.

    - B. Hunter

  5. 5
    Posted by Jay | October 25, 2011 at 1:09 PM

    I am going to hunt you down.

    - Ozzie

  6. 6
    Posted by Guest | October 25, 2011 at 1:11 PM

    UBS clients suck.

  7. 7
    Posted by Guest | October 25, 2011 at 1:15 PM

    Funny, UBS bankers will get out of bed for a mere $50,000/year.

  8. 8
    Posted by Guesty | October 25, 2011 at 1:24 PM

    $50 Billion & Wollensky

  9. 9
    Posted by guest | October 25, 2011 at 1:25 PM

    hey look over there it's UBS

    Jon Corzine

  10. 10
    Posted by J. Meriwether | October 25, 2011 at 2:28 PM

    Ditto.

  11. 11
    Posted by UBS!!! | October 25, 2011 at 3:32 PM

    It is impossible for a UBS trader to go rogue.

    - UBS Risk Management

  12. 12
    Posted by Jon Corzine | October 25, 2011 at 4:10 PM

    the backlash begins

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    ubs sux

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