As UBS executives appear to have given their tentative blessing to the continuance of the 'one bank' model, attention is focusing on how best to remunerate staff who work in different parts of the empire.
The official definition of a recession is two consecutive quarters of negative economic growth. With the UK economy now only 12 weeks away from a recession, we thought it would be interesting to look at a list of recessions from the last 100 years.
We're trying to work out where, in the scheme of things, the current credit crunch comes in terms of the worst financial crisis in the last 40 years or so.
Here's the full text of Ladenburg Thalmann analyst Richard 'Pull No Punches' Bove's research note on Lehman Brothers.
The Financial Times reports that the legal spat between UBS and Vestra Wealth, a UK wealth management unit partly funded by Goldman Sachs, which kept us amused over the last fews weeks, is over. A truce has been declared, and Vestra has agreed to a stand-still arrangement, and will not hire any more staff from UBS for the next 12 months. All further legal action in connection with this matter has been stopped.
Reuters reports that Ladenburg Thalmann analyst Richard Bove has said that troubled investment bank Lehman Brothers may find itself vulnerable to a hostile takeover bid.
A new survey undertaken by recruiters Badenoch & Clark has revealed that, despite the credit crunch that is decimating the financial markets, 72% of financial services professionals remain happy at work.
Citi announced its new expense policies and procedures to staff at its Institutional Clients Group (basically the investment bank) last week. It's all here - technology-related purchases, Blackberry usage, office moves and furniture, color copying and printing, travel expenses and entertainment, late night car service and meals, temporary employees, recruiting, management consultants, etc.
12 months on from the start of the credit crunch, we thought it would be interesting to look back at some of the stories that made the news.
Shares in Lehman Brothers fell 13.1% in New York trading Tuesday, on fears that the firm's third-quarter will be really 'ugly', and that more capital raising and the possible sale of asset management unit Neuberger Berman is on the cards.
Sad to report.
British prosecutors say they have extensive evidence against former trader Tom Hayes, the first suspect to come to court following a global investigation into the suspected rigging of interbank lending rates.
Hays Financial Markets have won two of Here Is The City's 2013 top recruitment awards - Best Contingency Firm and Best Temp / Interim Firm.