bonuses

  • 27 Sep 2011 at 12:55 PM
  • bonuses

Bonus Watch ’11: Kweku Adoboli Apparently To Blame For All Crappy Bonuses In London This Year

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Not just at UBS. Continue reading »

  • 19 Sep 2011 at 11:53 AM
  • Banks

Bonus/Layoffs Watch ’11: UBS Failing To See The Considerable Upside To $2.3 Billion Loss, Says Analyst

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As you may have heard, UBS announced last week that it’d lost about $2 billion, a ballpark figure that the bank said today is actually closer to $2.3B. Separately, you may have also heard that the past several years? Have not been the best of times for the Union Bank of Switzerland, which has been plagued by layoffs, shitty bonuses, and mandates where, for instance, employees have been forced to run out and buy ties and then told “nevermind, you don’t need them” after it’s too late to make a return for anything but store credit. The news that a rogue trader named Kweku Adoboli had racked up a loss massive enough to potentially wipe out third quarter profits would be viewed by most as the latest kick in the pants for the Swiss bank, and presumably not something management would be pleased to hear. Or would they? According to one analyst, Adoboli may have just solved their problems. Continue reading »

  • 13 Sep 2011 at 10:49 AM
  • Banks

Bonus/Layoffs Watch ’11: European Bankers May Be Paid In Handshakes, New Drachmas

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And they’ll be the lucky ones. This may have something to do with a Eurozone financial meltdown but let’s not neglect the role of 100% base-salary raises for MDs in ruining everyone else’s year:
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  • 02 Aug 2011 at 9:43 AM

Bonus Watch ’11: JPMorgan

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Junior mistmakers at the House of Dimon received their numbers yesterday afternoon. Continue reading »

  • 29 Jul 2011 at 10:55 AM

Bonus Watch ’11: UBS

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Apparently there are some pleasantly surprised junior mistmakers today. Continue reading »

  • 26 Jul 2011 at 4:26 PM

Bonus Watch ’11: Deustche Bank, BofA, UBS

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Just a FYI: Continue reading »

  • 13 Jul 2011 at 12:12 PM

UBS Will Personally Wrap The Knick Knacks Of Those Leaving Stamford For Points South In Bubble Wrap, Possibly Even Drive Them To The Train

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As we have discussed at length, UBS might move its headquarters to downtown New York in the next several years, a possibility that strikes fear into the hearts of Stamford officials and drool onto the faces of those fantasizing about the moderately-priced cheesecakes to be pillaged at the Costco that could move into the 36,000 (or so) square foot space. It’s an emotional issue for all, including employees, who are divided in their feelings. One trader has said there’s no way in hell he’ll leave southern Connecticut, where he moved 16 years ago because of UBS, and where he met his wife and raises his kids. Another can’t wait, as the move would mean he’ll “save $300 a month in train fare and major aggravation.” The 50 or so “cash trading” employees who were moved yesterday do not have the luxury of pondering how all of this makes them feel, but they do have some good new to share- those relocating are gettin’ paid! Continue reading »