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Can UBS Afford McCann?

April 26, 2017afford mccann ubs

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Can UBS Afford McCann?

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Bob McCann is trying to bludgeon his way out of a noncompete with BofA. But the UBS wealth-management unit that is allegedly looking to pick him up is hurting. One worker said the Swiss bosses have cut a quarter of the businesses back-office support. (Registered Rep) Speaking of Pay… Joseph Gregory, former Lehman president, has sued the bank’s estate for $233 million in deferred compensation. Gregory, apparently, hasn’t lost his chutzpah. (WSJ) Sell Yourself Executive headhunter Peter Gray said the best job-hunters act like traders: staying up on gossip, working the phones and moving fast to sell their product (read: themselves). (FINS) Banks on the Brink The FDIC’s troubled-bank list has topped 400, a 15-year high. Hang onto your hats. (MarketWatch) Doing Well Deloitte CEO Barry Salzberg makes a case for corporate volunteering programs. He’s pledged $50 million of Deloitte resources over three years. (Fortune) Flash Trade Morgan Stanley has swiped Citigroup’s top electronic trader,