Are these the shortest promotions in the history of banking ?
Bloomberg reports that Brett Ersoff and John Herman, who took over the commercial-mortgage bond group at UBS just last week after the group’s head departed for Bank of America Corp., have left the bank, said two people familiar with the moves who asked not to be identified because they haven’t been announced.
Ersoff and Herman were named co-heads of real-estate finance and mortgage-backed securities after Kenneth Cohen exited to become the global head of commercial real estate at Bank of America in New York.
In the meantime, The Edinburgh Evening News reports that neighbours of ex-RBS boss Fred Goodwin are planning to use a new law to force the former banker’s estranged wife to cut back an 'oppressive' 25ft hedge outside his city mansion.
Neighbours claim the wall of vegetation blocks out the light and prevents plants from growing in their own gardens, and plan to become one of the first groups in the Capital to take action under the new High Hedges (Scotland) Bill, which came into force last month.
Finally, this is a great Fox Business Network video:
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