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Top Firm Mulls New Staff Incentive Scheme

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.

A List Of Recessions

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.

UBS Settles Hiring Spat, Top Firms Get Hammered

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.

Top Firm Cuts Back On Just About Everything

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.

Top Firm Really On The Ropes Now


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.