Next Bank to Watch:UBS - DFWstangs Forums
 
LinkBack Thread Tools Display Modes
post #1 of 4 (permalink) Old 03-17-2008, 06:03 AM Thread Starter
Married Man on 14Feb2010
 
TexasDevilDog's Avatar
 
Join Date: Jul 2001
Location: Fort Worth, Texas (North Side)
Posts: 14,140
Next Bank to Watch:UBS

Quote:
March 17 (Bloomberg) -- UBS AG, Europe's biggest bank by assets, fell the most in more than nine years in Swiss trading after a newspaper report that the company may cut as many as 8,000 jobs and propose a new capital increase.

Zurich-based UBS plans to cut 5 percent to 10 percent of jobs across its different units, Chief Executive Officer Marcel Rohner told the company's top managers at a meeting in Berlin last week, according to a report in SonntagsZeitung, which cited participants it didn't identify. The bank may also propose a capital increase at its shareholders meeting in April, it added.
http://www.bloomberg.com/apps/news?p...Q&refer=europe

This mysterious "capital increase" is actually an attempt to get more money by offering more shares to the market.
TexasDevilDog is offline  
Sponsored Links
Advertisement
 
post #2 of 4 (permalink) Old 03-17-2008, 10:03 AM
Musician for the deaf
 
Join Date: Mar 2000
Location: Euless, TX
Posts: 9,656
That strong Euro doesn't buy a whole lot in the EU, huh?

LOL!

The glass is never full or empty.
Casper is offline  
post #3 of 4 (permalink) Old 03-18-2008, 12:03 AM
No Cerveza... No Trabajo
 
01WhiteCobra's Avatar
 
Join Date: Jun 2002
Location: Where's my beer?
Posts: 21,924
Bear Stearns collapse was huge... unfortunately I think it is only one of many. You know why JP Morgan was on the other end of the buyout offer? Because they were counter-party to many of BSC's transactions (sort of the pooch getting screwed and giving it up for pennies to the pooch that did the screwing)

My 401K is now a 400K (was 301K)
01WhiteCobra is offline  
 
post #4 of 4 (permalink) Old 03-18-2008, 12:06 AM
Genetically Blessed
 
Join Date: Jul 2002
Location: An Investment Bank
Posts: 13,733
Quote:
Originally Posted by 01WhiteCobra
Bear Stearns collapse was huge... unfortunately I think it is only one of many. You know why JP Morgan was on the other end of the buyout offer? Because they were counter-party to many of BSC's transactions (sort of the pooch getting screwed and giving it up for pennies to the pooch that did the screwing)
All the "smart money", and I'll include myself in that, thought BAC made out like bandits when the CFC help was first mentioned.
slow99 is offline  
Sponsored Links
Advertisement
 
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DFWstangs Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome