Seems like all options are on the table and management even considering a spin-off
The media is talking about 10% of CS has left. Can anyone confirm through the grapevine?
| +248 | Who Killed Wall Street | 71 | 4h |
| +225 | UBS Healthcare | 45 | 3h |
| +203 | Only Indians cold emailing | 58 | 47m |
| +125 | Lindsay Clancy - Thoughts from A2 | 22 | 4d |
| +58 | More diversity needed in the industry | 11 | 1d |
| +54 | Shana tova - happy new year | 9 | 16h |
| +51 | Did My Team Set Me Up to Miss VP? | 24 | 19h |
| +48 | NYC Wall Street Run Club | 13 | 1d |
| +27 | UBS MDs Treat Employees like Dogshit, Data to Prove it | 6 | 23m |
| +21 | Feeling a bad pattern forming. I need some help | 3 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Considering a spin-off for the domestic business not CS as a whole—they’ve always talked about downsizing this isn’t something new
Source?
always been discussed as a potential option from Day 1. As mentioned above, Domestic Swiss CS could stay as a standalone retail bank and UBS will absorb PWM, AM and IB. Most of the cuts are probably coming out of PWM/AM/IB for the time being until they decide what they want to do with the domestic CS retail bank in Switzerland.
That 10% figure is hella conservative lmao
Maiores accusantium inventore voluptatibus possimus fuga ut consectetur nihil. Molestiae quibusdam iure itaque placeat. Blanditiis omnis quibusdam accusantium sed ipsam. Vitae iusto tempora expedita omnis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...