Double or Nothing: How UBS Lost the Deal
What if I told you… you could be handed a second investment bank… and still fall behind. In 2023, UBS absorbed Credit Suisse— a once-in-a-generation deal. Two platforms. One goal: win the United States. But when the market came back… UBS didn’t. While competitors gained ground… UBS fell behind. Integration without alignment. Talent out, hierarchy in. Because in investment banking… scale doesn’t win deals. Execution does. And UBS didn’t. Double or Nothing: How UBS Lost the Deal.
I’d watch this documentary
I love this website
I could see a future CNBc style documentary interviewing bankers and former bankers there
HBS Case study when?
Nothing to see here, move along
needs a bullpen shot of all h1b indians and chinese
This could be UBS Asia or UBS New York, they look the same
Congrats on UBS!
Culture’s sweaty
MDs weak, hours are heavy
There’s vomit on his sweater already, Marco’s spaghetti
[Intro]
Look... If you had... one shot... or one opportunity...
To build the biggest bank you ever wanted... one merger...
Would you capture it? Or just let it slip?
Yo
[Verse 1]
Culture’s sweaty, MDs weak, hours are heavy
There's vomit on his sweater already, Marcos spaghetti!
He's nervous, but on the surface he looks calm and ready
to close deals, but he keeps on forgetting
what he mapped out, the whole Street goes so loud
He opens his mouth but the deals won’t come out
He’s chokin’, how? Everybody’s jokin’ now
Three years run out—time’s up, no deals how?!
Snap back to reality—oh, there goes strategy
Oh, there goes the franchise, it choked
He’s so mad, but he won’t
Give up that easy—no, he won’t have it
He knows, his whole banks’s to these ropes
It don’t matter, he hopes
He can spin it in quotes
But the numbers expose
When he goes back to the floor again, that’s when it’s
Back in the deck again, yo, same old pitch script
He better go capture this mandate and hope it don't pass him
You better lose the deal in the moment—you blow it
You better never let it go (go)
You only get one shot, but you missed your chance to show
This opportunity came once in a lifetime
You better lose the deal in the moment—you blow it
You better never let it go (go)
You only get one shot, but you missed your chance to show
This opportunity came once in a lifetime
[Verse 2]
Deals escaping…
Looks like a typical Monday morning meeting, blank angry stares at the performance
Marcos next Job if he keeps it up
Spoiler alert: Nothing wins, Double loses
This is a story that deserves to be told
Objectively almost every single hire was a miss. I don’t know how you honestly can miss that often if you are objectively evaluating potential MD candidates in the interview process
Unbelievable
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