UBS

From: redacted at UBS

Sent: Monday, July 15, 2013 3:07 PM

To: ML-IBD-Worldwide-All

Subject: Relationship inquiry: Francis Ford Coppola Read more »

It’s been a tough few months (years, really) for our neutral friends. There’s the LIBOR thing, the nobody wants to work here thing, the cutbacks, the “bitch set me up” thing, the petty vandalism thing, the ongoing tax evasion (formerly one of its chief businesses) thing, the mortgage-backed securities fraud thing, the Facebook proving you have no business being in the equity capital markets thing, the casual anti-Semitism thing, the paying people in high-trigger CoCos thing, the rogue trader losing $2 billion thing, and then, last month, this slap in the face.

And while UBS certainly cannot give as good as it gets, it has evened the score with BriMoy and the rest of the Charlotte bullies. Unfortunately, this has done very little to actually make UBS more money, but it knows how to do what it needs to do to have it make it more money. Read more »

  • 26 Jun 2013 at 5:38 PM

Bonus Watch ’07: ICAP

Employees of the brokerage firm were (allegedly!) rewarded by UBS for a job well done (i.e. helping the Swiss bank Libor). Read more »

  • 03 Jun 2013 at 3:39 PM

Layoffs Watch ’13: UBS O’Connor

UBS’s O’Connor LLC, the Swiss bank’s hedge fund that provoked the ire of many an employee last March, when it treated them like regular old UBS employees come pay day, causing them to “contact other hedge funds and recruiters” to explore options, has followed up its last act with one entitled “Don’t let the door hit you on the way out.” Read more »

  • 30 May 2013 at 3:01 PM

Bonus Watch ’13: UBS

You get a raise! And you get a raise! And you get a raise! Read more »

Remember Juerg Buergin? Former UBS executive, brown hair, rimless glasses, about yea high? Goes by the name Robert James when seeing the services of prostitutes? Tried to argue that the 17 year-old hooker he banged during his time in Singapore tricked him into thinking she was 18, which he and his lawyer backed up by point to all the women he paid to have sex with who were between the ages of 20 and 43? He’s going to spend some time in jail. Read more »

Time was, you could count on Swiss banks to assist their clients in the business of not paying taxes, having practically written the book on how to go about keeping one’s assets a secret from prying eyes (Chapter 1: Discarded toothpaste containers make a great place to stash diamonds). Now? Not only are they no longer providing the service, they’re suddenly too good to associate with people whose hands aren’t clean. Read more »