UBS

  • 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 »

  • 10 Jun 2013 at 2:45 PM
  • Banks

UBS Dethroned By Upstart At European Brokerage Tonys

Feel free to exchange exultations, insults and sour-grape rationalizations below. 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 »

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 »

Thanks but no. Read more »

Let the outflow begin: as of last week, headhunters say UBS’s investment banking staff have banked their (allegedly paltry) cash bonuses for 2012 and are ready and willing to leave the bank. “Cash bonuses hit their accounts on March 25th,” one fixed income headhunter told us, speaking on condition of anonymity. “A lot of UBS fixed income people are trying to leave and already under offer. You will see around 20% of their fixed income people leaving over rest of this year,” he predicted. [eF]