Last month UBS said it would be introducing a dress code that would require employees to wear full suits on the job, in order to "re-establish credibility and a sense of professionalism.” The staff was less than enthused about the new rule but today brings the good news that those who spent hours practicing the bank's patented step-by-step guide re learning how to tie a tie can simply chalk it up to a life skill they now posses but need not use daily.
"The best part of last week's news that we hired a new global co-head to replace Yassine Bouhara? He was the driving force behind all of us having to switch to suits and ties. The Stamford floor has been informed they can stop wearing ties again (just jackets). No official memo out, just being communicated by management via word of mouth. No change in NYC yet, but with morale as bad as it is with job cuts coming, etc, everyone is hoping we'll be thrown the same bone as Stamford."