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Housekeeping: UBS Employees Paid To Go Away?

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Last month, we noted that a group of UBS employees who “worked in operations and were responsible for securities movements and payments" had been escorted out of the building and told not to come back “pending an internal review into their conduct.” Now we've been informed they were recently told not to come back, period.

Nine people in total ended up being put on paid leave (randomly, two were engaged (the woman was in a senior role) and another was someone's brother-in-law who'd just transferred to the group); and apparently all were asked to resign off the record and were given severance packages.

Still unclear- whether the alleged packages were taken and, you know, what actually precipitated the escorting out of the building. If anyone would care to shed some light, please feel free to do so at this time.


Bonus Watch '13: UBS Hedge Fund Employees None Too Happy To Be Treated Like UBS Employees

The Swiss are scheduled to communicate bonus numbers today. In the meantime, those working in UBS's O'Connor fund are preemptively pissed re: the news their compensation will be structured as though they were regular old employees of the bank. What are they doing about it?