You Know, When Credit Suisse Really Thinks About It, Maybe It Should Have Someone Reviewing Counterparty Risk
Whatever could have led it to this insight?
Jefferies Is Suing Cantor Fitzgerald Over Sage Kelly's Behavior In Most Boring Twist To Wall Street's Wildest Divorce
Investment banking talent poaching is not as much fun as wife-swapping, orgies or $28K strip club tabs.
Steve Cohen Can't Believe The Number Of Garbage Candidates That Apply For Gigs At His Firm
Really, you should get a load of these applicants.
And Now Enjoy This Clip Of A Deutsche Bank Executive Covering Rihanna's "Diamonds"
Ladies and gentlement, put your hands together for Jim Reid, on piano and vocals.
Layoffs/Hiring Watch '12: UBS
The Swiss bank is said to be planning a big round of cuts in the investment bank with the aim of saving a bunch of money, which it will then spend on luring in "more promising talent." is embarking on a new round of job cuts within its investment bank, according to people familiar with the matter, as the Swiss bank grapples with a downturn in business that shows few signs of abating and considers a further restructuring of the division. UBS will begin notifying employees Wednesday of a new round of job cuts totaling roughly 400, the people said. Additional job losses that could run into the thousands may quickly follow. According to one of the people, there is a "good probability" that when UBS discloses its third-quarter results next Tuesday, it will make clear which businesses it intends to focus on in the years to come, and which ones it will de-emphasize...This week's jobs cut will be spread roughly evenly across North America, Europe and Asia, one of the people said. They will fall more or less evenly on fixed-income trading, equity trading and corporate finance, although the latter will bear slightly more of the brunt than the former two divisions. While these job cuts are mainly mean to cut costs, they are also part of a plan to cull the worst performers from the investment bank's ranks and create room for it to hire more-promising talent, one of the people said. UBS Plans More Job Cuts [WSJ]