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 ...

The Great Bank Robbery

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While no one will deny that some sales of Payment Protection Insurance (PPI) were not in the customer's best interest (and even that sta...
25 Oct 2012

Wall Street 'Eat-what-you-kill' System

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The claim by the ex- Goldman Sachs staffer Greg Smith should not surprise anyone. Business by definition features an inherent conflict be...
20 Oct 2012

Citigroup: Shock about exit of CEO

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That some employees at Citigroup may be in shock  ( Financial Times ) about the sudden departure of the CEO speaks volumes about the fact ...
12 Oct 2012

Goldman: Internal Probe on 'Muppets' draws a Blank

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We are not surprised  ( Financial Times ). Who would commit the word to email or voice mail, let alone a printed document? That person reall...
11 Oct 2012

Bear Stearns Deal: I am a big boy says Dimon

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You may well be a big boy many a JP Morgan Shareholder may think. But the revelation that the deal may have possibly cost JP Morgan $5 to ...
10 Oct 2012

CEO sets the tone for any business

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We agree with this statement ( Who's the Best on Wall Street: Risk Management Report Card - CNBC ) but want to add that the development...
9 Oct 2012

Unexpected consequences of regulation

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Forcing ING to sell assets may lead to a reduction in competion in the UK savings market. Well done Brussels! Your bureaucrats never disapp...

Financial Transaction Tax: Ideology wins over Reason

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No surprise that the tax-and-spend zealots have won a victory   (Reuters ) on the issue of the Financial Transaction Tax (FTA). Politics i...