Saturday, 21st November 2009

 

12 March 2009 - Press Briefing

Former chief executive sees UBS stock bottoming out

Luqman Arnold, the former UBS chief executive who is still seeking to recover his 2.8% holding in the Swiss bank from the administrators of Lehman Brothers, was on Wednesday quoted as saying UBS’ shares are close to a low and he is upbeat on its future, according to a Reuters report.

Speaking to the Tagesanzeiger daily, the activist investor claimed that the low-point for the UBS stock was “near”, depending on “the US attacks on UBS and on which measures the G20 countries decide to take against financial centres with banking secrecy and offshore banking".

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Lombard Odier hires from Coutts
  3. Comment: Prince William seals the ascent of hedge funds
  4. Citi Private Bank poaches senior Merrill executive
  5. How The Rich Are Different: Recession Hits Investment Psyche

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347