Showing posts with label Switzerland. Show all posts
Showing posts with label Switzerland. Show all posts
15 Mar 2017

Merger Poker - EFG, BTG Pactual and BSI Lugano

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There is lots of talk about the need to get bigger in the Financial Services Industry. But there are plenty of potholes on the route to ...
25 Dec 2016

Loan Losses incurred by Banks

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One has to wonder how banks manage to incur horrendous loan losses in the first place. While it is sometimes said that the only safe loans a...
7 Oct 2016

European Bank Troubles

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Don't blame Politicians or Central Banks . Of course they must share the blame, but what about Top Management taking their eye off the ...
1 May 2016

Credit Suisse CEO without Banking Experience

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Can it make any sense to appoint someone to lead a bank when the person has no specific experience in the industry? Recent moves by regulato...
3 Dec 2012

Swiss-Life CEO: 'We paid too much for AWD'

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With better advice Swiss-Lif e could have saved itself a lot of money and even more bad publicity. The chances that main-stream investment ...
4 Nov 2012

UBS Top Management feathers it's nest (again?)

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Having just handled the beginning of the mass cull of employees in the most unprofessional way one could think of, the top management of UBS...
30 Oct 2012

UBS to cut 10,000 employees

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Not only does one have to ask why a large bank all of a sudden finds that it would be necessary to amputate a huge chunk of its operations i...
29 Oct 2012

Cuts at UBS to take three years

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Reads a headline in today's Financial Times . I rubbed my eyes over the time-span that the refocusing of UBS would take if management ...
9 Oct 2012

Investment Management to the Rescue?

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Many banks now think that a renewed focus on asset management will allow them to replenish their depleted earnings as investment banking inc...
23 Mar 2012

UBS boss hires old friend for senior role

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When one reads that the recently appointed CEO of UBS hires a former colleague from his days at Merrill Lynch as Co-Head of Global Invest...
3 Feb 2012

UBS - curious selection of new board members

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What is the 'politically correct' composition of a company board? We are not sure that board members are more than an in-house manag...
9 Nov 2011

How to get rid of competitors - Unhelpful Advice by JP Morgan

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It is quite amazing that research analysts at JP Morgan spend time to outline a plan for the merger of two Swiss investment banking units. ...
21 Sept 2011

Common Sense Lessons from the UBS Loss

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It is always easy to be clever after the event, but a few simple facts are behind the latest mega loss reported by a bank: - Top management...
16 May 2011

Not all firms can occupy top position

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When a senior executive of UBS admits that the bank may no longer aim for the top spot in the rankings of global investment banks he puts th...
6 Apr 2011

Size matters - but not in the way the consultants think

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A well-known consultant to private banks recently claimed that smaller (Swiss) Wealth Management Banks face a challenging future. The proble...
3 Mar 2011

UBS CEO raises doubts about London

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Oswald Gruebel, CEO of UBS , wants the British government to state its intentions concerning regulation and taxation that will affect the b...
26 Jan 2011

Regulation runs amok

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A ' Discussion Pape r' published by the Swiss regulator FINMA on the subject of regulating the marketing of financial products to pr...
11 Jan 2011

Credit Suisse Compensation Plan - Incentive or Disincentive?

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While the new compensation structure that has just been announced may at first sight appear to be a step in the right direction it raises a...
15 Dec 2010

UBS dress code memo

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UBS was (and is?) known for fast-tracking officers of the Swiss Army Militia through its management ranks. We are not sure that the 'ne...