Explain to me why

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Nov 13, 2008 11:20 pm

ML people are jumping ship to go to UBS and other firms cause they are worried about bank ownership when in fact EVERY large firm is or will be owned by a BANK? Lame!

Nov 14, 2008 12:11 am

It isn't just bank ownership. It is culture. BofA is Walmart and always will be. Doesn't make them bad, just not a great fit with most successful advisors who are entrepreneurial. BofA simply does not have a good track record in taking over other companies. They view it as a win and the target is the loser. It is simply who they are and always have been.

Nov 14, 2008 5:20 am

Former BAC employee here on the bank side. Agreed with bancofamigo. Comparing the ownership of UBS to BAC is apples to oranges.

Nov 14, 2008 8:51 am

I can still think of one firm that's not owned by a bank.... I'll give you a hint, everyone here HATES them.

Nov 14, 2008 9:14 am

That's it, get them all going...