Wall Street Folly

Bernanke confirmation still a squeaker but White House is confident; Davos bankers vs Obama; UK’s Darling opposes Obama’s bank breakup plan; Goldman said to be limiting UK partners compensation; Barclays deferring top bonuses; More NY Fed / AIG controversy; Wal-Mart cutting 11K Sam’s club jobs, Tishman giving up on Stuyvesant Town; Avatar closing in on top grossing film

Posted by WSF On January - 25 - 2010
  • White House Is Confident Bernanke Will Be Confirmed
  • Davos bankers to lobby against Obama reforms
  • Darling reveals frustration over Obama bank plan
  • Goldman Said to Limit London Partners’ Compensation
  • Barclays to defer all top bonuses
  • AIG Analysis Reveals Bank Discussions
  • Wal-Mart to cut 11,200 jobs at Sam’s Club stores
  • Tishman Venture Gives Up Stuyvesant Project
  • Cameron’s ‘Avatar’ Becomes 2nd-Highest Grossing Movie Read the rest of this entry »

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AIG, Barack Obama, Barclays, Ben Bernanke, Bonuses, Compensation, Economy, Fed, Goldman Sachs, Real Estate, Revolving Door

More job cuts and write downs for UBS?

Posted by WSF On March - 30 - 2009

That's what Swiss newspaper Sonntag is reporting according to Reuters.  UBS may shed another 8,000 jobs and is expected to take writedowns of  another $2 billion on illiquid assets.

UBS shares fall as more writedowns, job cuts seen – Reuters

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Revolving Door, UBS

5,000 more UBS pink slips on the way

Posted by WSF On March - 16 - 2009

UBS Pink slips
Up to 5,000 management types are gonna get the UBS ax in the next few weeks according to Swiss weekly SonntagsZeitung.  Up to 2,500 from the wealth management unit may be among those getting pink slips.
UBS cutting 5,000 management jobs – Reuters

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