UBS

  • 26 Jun 2014 at 1:36 PM

UBS Intern Chose Wisely?

Things came down to hockey vs. UBS summer, and hockey won, which seems reasonable.

From: [redacted]
Sent: Thursday, June 26, 2014 7:35 AM
To: [redacted at UBS]
Subject: Internship

Hey [redacted at UBS],

I was on my way to the office this morning but I left my wallet with my ID in it at home. I am not going to be able to continue my internship with UBS this summer.

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  • 13 Jun 2014 at 1:00 PM

Settlement Watch ’14: UBS

The Swiss may be parting with $8 billion in the near term, approximately $6.5 billion more than it was aiming for. Read more »

  • 04 Jun 2014 at 10:37 AM

Kweku Adoboli Still Not Feeling That Guilty Verdict

Kweku Adoboli, the former UBS trader who caused a $2.3 billion loss through unauthorized trading, is trying again to get permission to overturn his conviction and seven-year sentence. Lawyers for Adoboli are scheduled to ask an appeals court in London today to grant him the chance to argue that the conviction should be thrown out. His initial claim was already rejected by a judge in July 2013, without a hearing taking place. Adoboli was convicted in November 2012 of two counts of fraud for causing the loss at the bank’s London unit. He argued at trial that managers at Zurich-based UBS pushed him to take too many risks and that rule-breaking at the bank was rampant. While he admitted causing the loss, he said it wasn’t done dishonestly. [Bloomberg]

  • 24 Apr 2014 at 2:25 PM

Layoffs Watch ’14: UBS

The Swiss are said to have called some people into conference rooms where HR was waiting, which is never a good sign. Read more »

  • 22 Apr 2014 at 3:57 PM
  • Banks

Breaking: Banks Competing With Each Other

In a revolutionary development, it turns out that each would like the biggest piece of the stock-trading pie possible. Read more »

  • 26 Mar 2014 at 4:03 PM

UBS Tells Three FX Traders To Take Five

…while the firm tries to figure out if the trio engaged in any currency rigging. Read more »

  • 14 Mar 2014 at 4:11 PM

UBS Tried, And Failed, To Rig Hong Kong Interest Rate

…which elicited an utterly delightful response from the bank that sounds a lot like something the parents of a juvenile delinquent would say if it came out that their kid tried to burn down a building but was too high to light the match. Read more »