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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

European Central Bank

Eurozone may get S&P credit downgrade

Posted by RJ and Makay on Dec 06, 2011

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Standard and Poor’s (S&P) warned 15 Eurozone nations, including Germany and France, that they could be subject to credit downgrades should an upcoming meeting of Eurozone leaders fail to come up with an acceptable course of action to resolve the Eurozone debt crisis. European Union (EU) leaders are scheduled to meet this Thursday and Friday in Brussels to discuss strategies to contain the crisis.

Axel Weber slated to become next UBS chairman

Posted by RJ and Makay on Jul 05, 2011

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UBS announced last Friday that former German central bank president Axel A. Weber will join its board of directors next year, and that the firm will nominate him to succeed Kaspar Villiger as chairman in 2013. Mr. Weber will initially join UBS’s board as a non-independent vice chairman in 2012 prior to his appointment as chairman.