tag:blogger.com,1999:blog-7905515.post7391104094598600676..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: UBS Staffed by IdiotsEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7905515.post-39714256686297989432011-09-27T05:37:30.685-05:002011-09-27T05:37:30.685-05:00Thanks for ones marvelous posting! I seriously enj...Thanks for ones marvelous posting! I seriously enjoyed reading it, you're a great author.I will be sure to bookmark your blog and definitely will come back in the foreseeable future. I want to encourage you continue your great job, have a nice day!Plumber lawrencevillehttp://www.pumpcoseptic.comnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-73054528907142555762011-09-27T00:07:29.710-05:002011-09-27T00:07:29.710-05:00A distinction should be made between small private...A distinction should be made between small private banks and global banks with Swiss origin, namely CS and UBS. The latter two are only "Swiss" in name and origin today.<br /><br />Many Swiss Private banks however are still limited partnerships, ie. top management is liable with all their personal wealth. Needless to say these banks are more prudent and focus only on wealth management.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-80692138376833266242011-09-24T14:32:19.559-05:002011-09-24T14:32:19.559-05:00well ... now Grubel's resigned. Thats bad news...well ... now Grubel's resigned. Thats bad news for all staff in UBS investment bank. And where UBS leads, who knows who else will follow?Dippernoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-30585127663265914142011-09-24T12:15:33.471-05:002011-09-24T12:15:33.471-05:00You may want to find a copy of Dirk Schutz's 1...You may want to find a copy of Dirk Schutz's 1998 book *The Fall of UBS*, which lays out how UBS was derailed more than a decade ago by poor decisions and bad risks. Back then, salvation came through a merger with Swiss Bank Corp.<br /><br />So this latest boondoggle isn't strike two for UBS, it's strike three. Despite the candour of their 2008 post mortem, the only thing that UBS appears to have learned - to borrow an old cliche - is that they haven't learned anything.Melmottenoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-20201153534851405542011-09-23T17:25:51.246-05:002011-09-23T17:25:51.246-05:00How many Swiss are there in UBS' London office...How many Swiss are there in UBS' London office (where the fraud occurred), or even in their global investment banking business?Blixanoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-65844366732373160842011-09-23T02:50:48.315-05:002011-09-23T02:50:48.315-05:00All those clients of Swiss banks whose names were ...All those clients of Swiss banks whose names were stolen and sold to tax authorities will agree with you: Swiss bankers are uncommonly incompetent. My grandfather's preWWII Swiss account also disappeared, so I have my own doubts about their honesty too. Incompetent, yes, dishonest, when nobody is watching, but Charles II of Spain...? Don Carlos Segundo not only suffered an extreme version of the Hapsburg lip, his tongue was too long for his mouth that he had difficulty speaking and drooled. He also suffered from an oversized head, intestinal upsets, convulsions and, according to his wifes, absolute impotence.Jhttps://www.blogger.com/profile/05676167615981895061noreply@blogger.com