UBS Shares Rise On Merger Rumour
More in BUSINESS NEWS
back-up- Top Firms Finally Hit By H1N1 Threat
- Top Firm Caught Out By Rogue Traders
- 'It's Not As If They Paid Great Bonuses In The First Place!'
- Top Firm Chain Letter
- Sisters Are Doing It For Themselves
- Dear All - 'I Am Not Interested' In Bank of America Job
- Bank of America, BNP Paribas, Goldman, JPMorgan, Galleon Group
- Old Traders Never Die - The Seance
- Click Here To Register For Free News E-Mail Alerts
- Speculation Mounts About Goldman's Bonus Plans
- Top Boss Tells Church Crowd 'Profit Is Not Satanic'
- Your Views On Bonuses (Poll Results)
- Bank of America 'Is Not A Monarchy'
- Bankers Will Have The Last Laugh On Pay
- 'There Aren't Many People Who Think Charlotte Is A Major Financial Center'
- Top Firm Delivers 'Another Big Disappointment'
- Bank Of America CEO Poll - Incredible Result
- Scruffy Civil Servant Warns Tax Dodgers
- BofA Said To Have Got Another Turn-Down
- Interview With Bernie Madoff
- Top Firm Dismisses Talk Of Further $10bn Writedown
- The Average British Soldier
- Top Firm Puts More Aside For Staff Compensation
- Firms On Alert As Insect 'Infestation' Crashes PC Networks
- Register Now For Free 'Old Traders Never Die' Updates
- Secretary Geithner's Written Testimony On Reform Of Financial System
- ISITC Europe Successfully Introduces New Operating Structure
- Dumb & Dumber - Incredible Details About Lehman Weekend Revealed
- The Cityboy Column
- The Man Bank of America Should Hire As CEO (But Won't)
- Goldman Needs To Give Away $1bn
- Top Firms Said To Have Lost $400m On Hedge Fund
- H1N1 Flu - Have You Got It ? (Quick Test)
- H1N1 Bank Call Center Transcript (You Couldn't Make It Up)
- 'It's Just No Fun Anymore!'
- Top Firm CEO Says He Won't Poach Staff From Rivals
- 'I Hate Recruitment Consultants' - Reader Comments
- Bohemian Bankruptcy
- 'I Hate Recruitment Consultants'
- Mack Attack - The Moment Big John Hit Back
- Compliance Training ? 'The Biscuits Were Good'
- Banker, Hire Thyself
- IT Recruitment - The Smart Way
- And Wall Street's Top Athlete Is...........
- John Mack On Saving Morgan Stanley
- Bankers Taught How To Be Killing Machines
- Banks Given Five More Days To Justify Bonuses
- Billionaire Madoff Investor Found Dead In Swimming Pool
- Top Bailed-Out Execs Averaged $18m Each In 2008
- The Vic Daniels Column - 26/10/09
Related Content
The jury is out, however, about whether the rumour has any foundation. Reuters quotes an unnamed analyst, who described the speculation as 'scurrilous', suggesting that 'I doubt the Swiss would settle for that'. The Independent, on the other hand, quotes Evolution analyst Nick Brown, who said: 'HSBC should unquestionably be one of the best investment banking businesses, and they may be looking to UBS to do just that.....It's an interesting proposition'.
The New York Posts also reports Wednesday that UBS has hired Lazard to undertake a strategic review of its business, prompting speculation that the bank may be considering separating its wealth management business from its troubled investment banking division.
Another rumour doing the rounds on trading floors Tuesday was that Barclays was thinking of having a run at French bank Societe Generale. This rumour was quickly dismissed as nonsense by the market.
Talking of Barclays, the bank came out Wednesday and confirmed that it is to sell $8.9bn in shares to existing shareholders and a group of investors, including China Development Bank, Sumitomo Mitsui Financial Group, Qatar Investment Authority, and Temasek Holdings.
Finally, The New York Times reports that Lehman Brothers has announced more senior management changes. Michael Gelbrand, who was ousted last year as global head of fixed income, returns to run the firm's capital market's businesses. And Alex Kirk, who left his job as head of credit products 4 months back, is back as head of investments. Does anyone know what's going on over there ?
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.











