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UBS Not For Sale (Again?)

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Sep 30, 2009 7:34 pm

UB-YOU

Joined: 2009-09-26Offline
UBS chief: We've had offers, but U.S. wealth business is not for sale September 30, 2009   Despite recent speculation that UBS's wealth management business in the Americas is on the block, the Zurich-based bank's CEO today told the firm's financial advisers here today that the business is not for sale, according to a report from Dow Jones.

In a memo that Dow Jones references, UBS's chief executive officer Oswald Gruebel acknowledged that the company has had offers for the wealth management unit, but stated that “we have not taken any of them seriously,” according to the report, and added that the business is “not for sale.”

The memo was sent to address speculation in recent report that the unit was considered "non-core" and could be sold, according to the report.

Sounds vaguely familiar.  Famous last words?

AG Edwards -> Wachovia Securities
Smith Barney -> Morgan Stanley
Merrill Lynch -> Bank of America
McDonald Investments -> UBS
Piper Jaffray -> UBS
Prudential Securities -> Wachovia Securities   (To name just a few.)
Sep 30, 2009 7:44 pm

SometimesNowhere

Joined: 2008-12-22Offline

Who cares. What have the Swiss ever done anyway, besides bowing out of wars, help wealthy people evade taxes, and make a sh*tty tasting cheese?

Sep 30, 2009 7:46 pm

regreprob

Joined: 2009-04-30Offline

I care. Its important to know whats going on at other firms. Thats why this section of the foum exists.

Sep 30, 2009 9:57 pm

Lew Ashby

Joined: 2009-01-13Offline
SometimesNowhere:

Who cares. What have the Swiss ever done anyway, besides bowing out of wars, help wealthy people evade taxes, and make a sh*tty tasting cheese?

  Hold it right there, mister!  Don't knock cheese, man-- That's some good shiite! 
Sep 30, 2009 10:27 pm

NOVA

Joined: 2005-01-11Offline

Riccola cough drops are pretty crappy too.  And the guy in the funny shorts that plays the horn.

Sep 30, 2009 11:07 pm

ABOM

Joined: 2008-11-01Offline

what about the chocolate and the watches?


besides why sell when you can just put the screws to all the monster producers who signed up for 9 yrs…

Sep 30, 2009 11:55 pm

NOVA

Joined: 2005-01-11Offline

Knives with plastic toothpicks.  And a metal nail file.  Who the heck uses a metal nail filer on a pocket knife.

Oct 1, 2009 12:55 am

MoodyIsAPunk

Joined: 2009-01-27Offline
NOVA:

Knives with plastic toothpicks. And a metal nail file. Who the heck uses a metal nail filer on a pocket knife.



MacGyver.
Oct 2, 2009 1:40 am

Shania Twain

Joined: 2009-09-23Offline

chocolate

hide moolay for Nazis,drug dealers, crooks

swiss alps pretty cool

th echeese is good

watches

roger federer

The Cranberries?   (or was that Ireland)

swiss family robinson

Heidi

Heidi game   (Raiders vs jets)



Oct 2, 2009 1:42 am

Shania Twain

Joined: 2009-09-23Offline
NOVA:

Riccola cough drops are pretty crappy too. And the guy in the funny shorts that plays the horn.




This is a GREAT call here.

F Riccola and the pussy in the shorts

The gay horn sucks too.