investment bank
UBS may cut more jobs at its investment bankPosted by RJ and Makay on Oct 21, 2011 |
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UBS AG may shave about 1,700 more jobs at its investment bank as the firm continues to shrink its fixed-income business, according to JP Morgan Chase analysts. UBS had already unveiled plans in August to cut 3,500 jobs, including 1575 from its investment bank, in an effort to save 2 billion Swiss francs in annual costs by the end of 2013.
UBS plans to relocate investment bank operationsPosted by RJ and Makay on May 28, 2011 |
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In an effort to placate local regulators, Swiss financial giant UBS AG plans to separate its investment bank and incorporate it outside of Switzerland. The move could alleviate Swiss regulator concerns of another possible bailout should the bank face another severe crisis, the Wall Street Journal reported, citing insiders familiar with the matter.
Stocks are up, but people's trust in financial companies isn'tPosted by RJ and Makay on Feb 23, 2011 |
The level of trust consumers have in the financial services industry isn't going up with the stock market, suggests a recent survey by public relations firm Edelman.
When Edelman interviewed 503 investors with $10,000 or more of liquid assets and/or mutual fund investments, 38% said their level of trust in the financial services industry declined in the last year. Fifty-three percent of respondents reported that their trust level has remained the same and 9% said they trusted the industry more than a year ago.
Winston Churchill (British Orator, Author and Prime Minister during World War II. 1874-1965)
