swissinfo.ch reports that 'many' UBS staff in Switzerland believed that they have been 'unfairly overlooked' when it comes to 2009 bonuses.
The website quotes one unnamed IT professional who said: 'People have missed out on their bonuses without justification, and that makes them angry'. Another UBS staffer said: 'It would have been fair to throw a few breadcrumbs to employees who have worked over-time and weekends - just to say 'thank you''.
And The Financial Times reports that Democratic senators tried to introduce a 50% tax on TARP bankers Thursday, but industry lobbyists were confident that the amendment wouldn't come to a vote.
In the meantime, Bloomberg reports that Citigroup is in the market to add about 100 staff to its commodities unit over the next 3 years, as it plans to increase headcount by around 40%.
Reuters reports that Moody's has down-graded Deutsche Bank's investment-grade credit rating by 2 notches to Aa3. The bank has said that this will have 'no material impact' on its business.
Finally, The Wall Street Journal reports that a Luxembourg court has ruled that investors who lost money in the Bernie Madoff fraud through funds established by UBS are unable to sue the bank, or adviser Enrst & Young.