The sad saga of Navinder Sarao, who on April 20, 2015 became the scapegoat for the May 2010 flash crash and was sentenced to up to 360 years in prison - he will find out later this year the actual length of his prison sentence - got its latest twist today thanks to a fascinating report how in addition to having lost his freedom, Nav also lost all of trading fortune, some $50 million of it. As Bloomberg's Liam Vaughn recounts, "it took Navinder Singh Sarao a long time to accept that he might...
Read More »UBS will auf Anlagebedürfnisse von Frauen eingehen
Die UBS hat einen Fünfjahresplan veröffentlicht, um ihr Know-how im Hinblick auf die Betreuung ihrer weiblichen Kundschaft im Wealth Management signifikant zu verstärken. Die Bank hat in den letzten zwei Jahren verschiedene Ansätze entwickelt und getestet, mit denen sie gezielter auf die Ansprüche von Kundinnen eingehen kann. Jetzt sollen die daraus gewonnenen Erkenntnisse in der gesamten Organisation Anwendung...
Read More »80 percent Of Central Banks Plan To Buy More Stocks
Regular readers remember how, when we first reported around the time of our launch eight years ago that central banks buy stocks, intervene and prop up markets, and generally manipulate equities in order to maintain confidence in a collapsing system, and avoid a liquidation panic and bank runs, it was branded “fake news” by the established financial “kommentariat.” What a difference eight years makes, because today none...
Read More »Neuer Strategiechef für die UBS
Michael Bonacker wird neuer Strategiechef bei der UBS. Der neue Mann hat eine Vergangenheit bei der Commerzbank, genau wie UBS-Schweiz-Chef Martin Blessing. Michael Bonacker, ehemaliger Strategiechef der Commerzbank, wird gemäss Informationen von manager-magazin.de bei der UBS ebenfalls diese Stelle antreten. Der 49-Jährige wird bereits kommende Woche in Zürich anfangen und Dierk von Schuckmann ersetzen, der gemäss...
Read More »Credit Suisse Settles With DOJ For $5.3 Billion; Will Pay $2.5 Billion Civil Penalty
Shortly after last night’s news that Deutsche Bank had settled with the DOJ for $7.2 billion, of which it would pay $3.1 billion in a civil penalty, far lower than the $14 billion number initially speculated (the stock popped as much as 4% before settling just over 2% higher currently), Credit Suisse likewise closed the books on its pre-crisis RMBS fraud when the largest Swiss bank agreed to pay $5.28 billion to...
Read More »Who Has To Work The Longest To Afford An iPhone?
How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power. According to a recent report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone...
Read More »Who Has To Work The Longest To Afford An iPhone?
How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power. According to a recent report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone...
Read More »Who Has To Work The Longest To Afford An iPhone?
How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power. According to a recent report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone...
Read More »Who Has To Work The Longest To Afford An iPhone?
How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power. According to a recent report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone 6 in under three working days. In Kiev, by contrast, it would take 13...
Read More »Traditionelle Volkswirtschaften bieten Millennials weniger Chancen
Exklusive Researchergebnisse von UBS zeigen, dass die neuen Weltmächte der nächsten Generation mehr Zuversicht bieten als traditionelle Volkswirtschaften. Die Generation der "Millennials" in den Schwellenländern ist inzwischen zuversichtlicher, ihre Wohlstandsziele zu erreichen, als die Millennials in den traditionellen, etablierten Märkten. Eine neue, weltweit durchgeführte...
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