UBS

  • UBS_SECRETS_10808f

    News

    Bonus Watch ’12: Is UBS Trying To Tell Us Something?

    Admittedly it’s just a theory but hear us out– based on the following bonus numbers communicated to managing directors this morning in Stamford, is it possible the Swiss’s long-term revenue generating plan is to get someone to burn the place down so they can collect the insurance money and then work out of Howard Johnson’s?

    / Feb 15, 2012 at 11:54 AM
  • News

    Bonus Watch ’12: UBS Asia

    S&T analysts and associates received “2500 USD equivalent” (yes, analysts and associates got the same amount)

    / Feb 15, 2012 at 10:27 AM
  • ubszurich2-260x195

    News

    Bonus Watch ’12: UBS

    The good news is that UBS has some money to pay employees. The bad news is that there may not be enough to go around for everyone, depending on how things spread out.

    / Feb 13, 2012 at 2:11 PM
  • News

    Bonus Watch ’12: UBS Suggests Senior Staff Get Comfortable

    Earlier today, as in a few minutes ago, we learned that UBS announced it would claw back 2010 bonuses for senior-ranking employees in the investment bank. This may have put a damper on some people’s commute home but in happier news? Those individuals will be getting paid for last year’s work (albeit at a slightly reduced […]

    / Feb 8, 2012 at 7:42 PM
  • Banks, News

    Bonus Watch ’12: UBS Investment Bankers Thought Zero Was The Minimum Bonus? They Thought Wrong

    UBS investment bankers yesterday learned that their bonus pool would be down by 60%, and that anyone inclined to grumble to division head Carsten Kengeter should be aware that (1) he would have none of it and (2) he himself was taking a bonus of zero, so see point (1). Rank-and-file bankers were perhaps a […]

    / Feb 8, 2012 at 7:07 PM
  • News

    Bonus Watch ’12: UBS’s Investment Bank Chief Takes One For The Team

    Something you might have picked up on recently is that while UBS may possess many strengths, investment banking is not one of them. The unit’s “continued losses” were to blame for net profit falling 76% in the fourth quarter, there was the matter of their little rogue trader, and not even the higher-ups in Zurich […]

    / Feb 8, 2012 at 10:18 AM
  • News

    Layoffs Watch ’12: UBS

    Remember when UBS management announced they’d internally come to the conclusion they aren’t so great at investment banking and would thus be scaling back their manpower in said area? Apparently they’ve finally gotten around to doing so.

    / Feb 2, 2012 at 12:54 PM
  • News

    UBS Raises Base By For (Some) Employees

    Over the past year or so, a lot of people have chosen to voluntarily leave UBS, which may have something to do with the fact that people would like to get paid. While a handful of marquee names (within the industry) have been lured with big checks, many senior bankers have heard nary a peep […]

    / Dec 14, 2011 at 6:37 PM
  • News

    Former UBS Director Sentenced To 33 Months In Jail Has Plans To Get Into The Culinary Industry Post-Prison

    Remember, back in April, when a bunch of UBS employees, were escorted out of the building and told not to come back, “pending an internal review into their conduct”? At the time we knew all four worked in operations and that they “were responsible for securities movements and payments,” and speculated that perhaps this was […]

    / Nov 29, 2011 at 7:02 PM
  • Banks

    Occupy London Protestors To Show UBS How To Run A Bank Without Losing Money

    Occupy London campaigners have taken over a derelict building owned by investment bank UBS…The building they have taken over at Crown Place belongs to, but is not occupied by, UBS and no business transactions take place there. The activists plan to set up a “bank of ideas” there tomorrow and open the disused offices and […]

    / Nov 18, 2011 at 11:28 AM
  • Banks, News

    Layoffs Watch ’11: UBS Planning To Downsize Its Rogue Trading Division

    Here are two things that you don’t hear every day, just almost every day: layoffs at UBS and not so hot supervision of trading at UBS. Actually the good news is, strictly speaking, there were no new layoffs announced today, anyway: The bank also announced an additional 300 job losses on top of the 1,575 […]

    / Nov 17, 2011 at 3:36 PM
  • News

    Was That Wrong? Should Carsten Kengeter Not Have Done That?

    As you may have heard, the last 6 to 12 to 36 months months have been somewhat trying for UBS investment bank chief Carsten Kengeter. Profits haven’t been exactly what he’d hoped for, the people of Stamford have (more or less) vowed to beat him with a sack of reeds should the Swiss so much […]

    / Nov 9, 2011 at 11:09 AM
  • Banks

    Um, This Isn’t So Good

    Poor Sergio Ermotti was having a pretty good day today, with UBS’s stock up and clients more or less happy with the new business plan of “make 180% of your income on DVA and spend 140% of it on comp.” And then this went and happened: UBS agreed to pay $12 million on Tuesday to […]

    / Oct 25, 2011 at 3:34 PM
  • Banks

    UBS Clients Don’t Get Out Of Bed For Less Than $50 Billion In Losses

    So far, the trading scandal doesn’t appear to have significantly hurt the confidence of UBS’s wealthy clients, who had pulled hundreds of millions of francs from the bank in 2008 and 2009 after Swiss authorities had to bail out UBS following about $50 billion in securities write-downs. A bruising tax evasion battle with the U.S. […]

    / Oct 25, 2011 at 12:17 PM
  • News

    Layoffs Watch ’11: Dick Bové Suggests Girding All Of Your Loins

    Sources believe that Europe’s banking giants, including Deutsche Bank, UBS and Credit Suisse, along with Societe Generale and Dexia, are preparing to wield the ax in a way not witnessed since the depths of the financial crisis in 2008. “People will be fired everywhere,” said Dick Bove, an outspoken bank analyst at Rochdale Securities. [NYP]

    / Oct 24, 2011 at 1:06 PM
  • Banks, News

    UBS Is Going To Take Some Time To Really Optimize How To Lose All Its Clients’ Money

    The slow implosion of UBS investment banking is of interest at Dealbreaker not only because of our sympathy for the good men and women who sell “a whole lot of brown-bagged bottles of liquor to UBS employees every evening,” but also because of UBS management’s constantly repeated theme that the investment bank is just a […]

    / Oct 20, 2011 at 2:39 PM
  • News

    Bonus/Layoffs Watch ’11: UBS

    If your employment with the Swiss bank falls in the investment bank, consider getting to keep your job this year’s bonus.

    / Oct 20, 2011 at 10:46 AM
  • News

    Laid Off Wall Streeters Hoping To Drive Themselves Into A Job

    As you may have heard, around 100,000 financial services employees are set to be laid off by the end of the year (with the cuts already beginning for some). How will those made redundant attempt to get back in the game? Some will hire  headhunters. Others will reach out to friends in the industry. Yet […]

    / Oct 17, 2011 at 11:17 AM

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