Connecticut

As you may have noticed, UBS has been going through some what of a rough patch. Profits are not what they once were, the IRS won’t let them help people evade taxes anymore and management has had a very difficult time convincing people not to quit, with a decent amount of senior departures occurring in the last several months. The deflections for the most part have to do with people wanting to get paid (there hasn’t been a lot of that in a while at UBS, though some staff recently received raises and higher-ups have pinky-sworn future pay will be competitive with other firms), but the bank is thinking the problem lies less with compensation and more with geography. Specifically, Stamford, CT, where the largest trading floor in the world is located. As we have reported, the equities team will be moving to New York later this summer and after casually mulling over the idea, management is now seriously considering moving the whole shebang, which they believe will solve all problems. Read more »

Back in February, we noted that UBS was mulling a move out of the I-95 palace it’s inhabited since the 90s; later, were were told the bank had informed employees that Equity sales and trading would be moving to New York, while the rest of the floor would remain in the Stamford Superdome, at least for now. Stamford Mayor Michael Pavia apparently received similar intel at the time “causing him to take the rumors seriously.” And just last week, State House Minority Leader Lawrence Caferno (R-Norwalk) was informed by well-placed sources that UBS has one and half feet out the door. “Their plan is they’re moving their trading floor. They’re gone,” Cafero told Greenwich Time. “It would be so sad and devastating on so many levels.” Why is UBS doing this to Big Lar? According to the Swiss, they’re not, and his late-night crying jags are for naught. Read more »

Minimum investment is 10 empty Coke cans. Read more »

First off, you remember the Connecticut man who fisted a horse, yes? For those who fail to recall, last fall, Shelton resident Marian Wegiel was accused of forcing himself on a horse, having been found with “much of his arm inside the animal’s vagina.” Read more »

As you may have heard, Jets quarterback Mark Sanchez has a 17 year-old lady friend. Her name is Eliza Kruger (pictured) and she’s a high school student in Greenwich who he met at nightclub Lavo on New Year’s Eve. Liking what he saw, Sanchez gave her tickets to the January 2 Jets/Bills game and then, a week later, took her dinner at Nobu and back to his house in New Jersey where they “hooked up” (she posted pictures to Facebook of a bed with rumbled sheets afterward, natch). For those of you wondering if Sanchez was wading into statutory rape category- he wasn’t. Eliza looked up the age of consent in New Jersey and it’s 16, so everything was cool. Or at least it should have been but sometimes people get bent out of shape when a 24 year-old has relations with a girl who was 11 when he was 18. What also made things awkward was that Eliza seems to have just been in it for the sex but Sanchez wanted more! He would text her at all hours of the night, like at 2am on a Wednesday to “hang out” and she respond, “Um, I have school tomorrow.” He was contacting her as recently as January 24, seeing if she wanted to chill after the Jets lost the AFC Championship Game and people, like Eliza’s father, started to be all, “leave her alone, stalker.”

But! Today brings news Sanchez might not have been actually harassing a 17 year-old girl but rather trying to get to her dad, knowing the guy could offer him unparalleled investment advice, Papa Kruger being Konrad “Chip” Kruger, a partner in Stamford-based financial firm Five Mile Capital Partners and founder/former co-CEO of Greenwich Capital. Read more »

  • 07 Feb 2011 at 11:51 AM

Unfounded Rumor Of The Morning: UBS Considering A Move?

If you’ve been in the market 36,000 square feet of space- to use in its current form as a trading floor, to create the world’s biggest CandyLand board, or to play a game of Twister with 10,000 people–, you may be in luck in the not completely distant future. Read more »

There'll be a lot fewer opportunities for this.

Are you a financial services hack who treks into the city every day from points further north or perhaps does the reverse commute to Southern Connecticut? As you may have heard, your life is about start sucking a whole lot more. Read more »