Last month we discussed the possibility of UBS moving out of its Stamford, CT building (which houses the largest trading floor in the world) and into New York City. The bank, which has not been doing too hot of late, seems to believe that leaving Stamford would be a panacea for all its woes which, according to UBS, boil down to no one wanting to work in Connecticut (rather than no one wanting to work at a place that doesn’t pay and yells at you when you ask if this month’s check will clear). Until recently, the talk has all been very casual, though it got kicked up a notch to semi-serious when word got out that senior execs had been speaking with developer Larry Silverstein about a possible deal at 3 World Trade Center, which conveniently has 5 trading floors located in “Tower 3,” causing more than a few people to flip out over the idea of a UBS-less Stamford. Still, though, the bank will more than likely be sticking it out for the next few years if not longer and may simply be playing games in order to get city/state officials to sweeten their stay. To that end, the news that 50 “cash trading” employees were moved to New York today shouldn’t be too distressing. Or should it? Continue reading »