UBS IS A TOTAL DISASTER! Instead of doing BANKING they are pushing WOKE DEI NONSENSE. Nobody cares about their ‘diversity reports’ people care about RESULTS. UBS is LOSING clients, LOSING business, and soon will be LOSING EVERYTHING.
They should focus on MAKING DEALS not virtue signaling. DIVERSITY, EQUITY & INCLUSION = DIVERSITY, EQUITY & INSOLVENCY. VERY SAD!
| +183 | Evercore > Goldman and I don’t think it’s particularly close anymore | 65 | 6h |
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2023: UBS has set the “aspirational” target of 25% of women advisors in the Americas and 18.8% of US brokers representing ethnic minorities by 2025.
UBS chief says ‘nothing has changed’ on diversity initiatives despite US pressure
-2025
https://www.fnlondon.com/amp/articles/ubs-chief-says-nothing-has-change…
Please seek help.
Go Woke and Go Broke!
Just wait until I tell my contact at the White House..
Now convinced that Lutnick told Trump to start the UBS hate train on wso so everyone forgets what a shit "bank" cantor is
How can you be a shit bank of you get a heads up on all policy changes?
when your executives are your retard sons and a stripper pimp it can be pretty hard
If white and Asian men aren’t hired by UBS, that’s a bullet dodged. It’s really doing them a favor!
It’s funny watching people scream “DEI = insolvency” while ignoring that UBS’s issues have nothing to do with hiring women or minorities. It has everything to do with being irrelevant in U.S. banking. They don’t cracked the top 10 in M&A, their TMT group collapsed, and they’re still worried about Credit Suisse integration.
Blaming DEI is just lazy. Other banks all run the same programs and somehow still print fees. UBS isn’t losing clients because of a diversity report. They’re losing clients because nobody trusts them to run big deals anymore.
To be fair, DEI was actually a problem at CS - lots of incompetent URMs were hired. At this point most of those people have been fired. UBS is a much whiter bank than CS was.
But now the biggest problem is hiring incompetent legacy types that are friends with the Lehman bros. And giving them guaranteed comp, diluting the bonus pool, and causing good people to leave, creating a brain drain.
Meritocracy at UBS is dead and isnt coming back until there is a senior management change.
Agree way too many hardos
Spot on. No one can convince me any differently that a big part of the reason for CS collapsing was because of the DEI CEO we had. They were bad and corrupt and changed hiring practices for the worse. By the time they were fired it was too late to turn it around.
You are such a loser from your lower middle market bank. The CEO rose revenue every year during his tenure. God people like you need to die.
It’s unbelievable how bad some of the CS DEI hires are but to be fair a lot of the normal CS hires were pretty incompetent as well
What could LEH possibly have done to earn this ire?
Crash one bank and well on their way to crashing another
This loser is back again lmaooo
Went broke and then went woke
The fact that you all look at the makeup of UBS IB leadership and think its failings are largely due to DEI is hilarious
Yes, pinning UBS IB’s performance on DEI is lazy analysis. If you all think there’s causality, show the mechanism and the data—how DEI decisions moved revenue share, attrition, or productivity—controlling for the forced Credit Suisse integration (coverage reshuffles, client conflicts, platform consolidation) and the well-known TMT departures that hit pipeline/win rates. Otherwise, it’s scapegoating, not analysis. This logic defies basic critical thinking.
The problem is DEI hiring and by DEI hiring I mean Barclays hires
Why does OP read like a Trump Truth Social post
This reads like rejected copy from The Onion’s Finance Section.
Lehman bro’s about to bring down their second bank. Impressive work for sure
Is this a tweet from the president? Trump is literally influencing people's writing styles now lmao.
that's the joke
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