UBS Sees Turnaround In 2010 (WSJ)
"In 2010, we expect to see the full effects of the progress we have made in improving operating efficiency, reducing risk and rebuilding our businesses," Chairman Kaspar Villiger and Chief Executive Officer Oswald Grübel said in a letter to shareholders. "Our group results are heavily dependent on market vitality, and more favorable market conditions in January and February 2010 have benefited most of our businesses," they said.
BarCap looks to ‘partners’ model (FT)
The tactic "is part of efforts to build a loyal cadre of senior managers as the bank goes through rapid expansion following the acquisition of Lehman Brothers’ US assets 18 months ago."
AIG Keeps $21 Million In Bonuses (WSJ)
And it's waving good-bye to $46 million, which is going to current and former employees of the financial products unit.
Ex-Investment Banker Charged With Insider Trading (Bloomberg)
The wife also got in on the fun: "Christian Littlewood, a former banker at Shore Capital Group Plc and Commerzbank AG’s Dresdner Kleinwort, faces 13 counts of insider trading with his wife, Angie Littlewood, the Financial Services Authority said today in a statement. A third suspect from Singapore was arrested in the Comoros Islands, a French territory off the coast of Africa, in connection with the case, the FSA said. "
Deutsche Telekom Sets Female Quota (WSJ)
The target is to fill 30% of upper and middle management jobs with women by the end of 2015 (in 2008 it was 13%).