A UBS trader sued his employer over allegations the “toxic” work environment and “punishing workload” caused his mental health to deteriorate so far he was no longer able to work.
Ongoing COVID lockdowns are not expected to stop companies opening the purse strings to pursue acquisitions or return cash to investors via buybacks and dividends.
Credit Suisse has been embroiled in a series of financial disasters that could have been avoided had it learned from its compatriot,UBS.
The investment banking startup said it would appoint two more women as directors in the coming weeks,which will leave its board with 40 per cent female representation.
The investment banking world’s worst-kept secret will be confirmed early next week when former UBS boss Matthew Grounds joins Barrenjoey Capital Partners as co-executive chairman.
Barrenjoey’s plan was to pick the eyes out of UBS’s pool of capital - its talent,its rainmakers and its networkers. By mid-afternoon on Monday the number of defectors had moved into double-digits.
First-home buyers are back in the market at levels not seen since 2009,but the housing affordability debate lurks just beneath the surface.
UBS chief executive Anthony Sweetman,has defended the ASX,saying technology glitches are unavoidable but cautions the company is on notice to prove its problems are not systemic.
The wealth of the super-rich is booming despite the recession. That begs an important question:will the pandemic leave us a more unequal society?
Some of Australia's top deal makers are heading up a new investment banking venture backed by ASX-listed fund manager Magellan and British bank Barclays
UBS chairman Axel Weber has been studying the feasibility of a mega-merger with rival Credit Suisse that would create a Swiss banking giant.