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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (122146)	5/10/2008 7:57:50 PM
From: John Chen	Respond to of 306849

"Killed over Debt?". aman.

To: patron_anejo_por_favor who wrote (122146)	5/10/2008 9:20:14 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 306849

Let's trash UBS Originally posted by M P R My two cents.... I've heard it's going to be barclays that snaps up UBS - make sense because: * Barclays is a bit stronger financially than UBS * It's missing the WM practice and I-bank * It removes the distractions of weakness caused by Arnold, I-bank write downs, potential sale * It preserves the strong wealth management franchise before too many guys hit the road for 150 bps at other firms. Plus, word is getting out about retention packages (similar to what the AGE guys got) - but who knows, it could be a cynical ploy. Anyone else hearing similar? j Whoooah, pony - slow down! There are rumors flying about a possible sale and you're already asking about what retention packages look like?! Here's what you can bank on: Those that are talking don't know anything, and those that know anything aren't talking. Assuming you are with UBS, focus your efforts instead on really warming up all your key client relationships now. No matter how good they are, more attention will pay benefits if and when anything happens and the news causes them to get jittery, and even more so if you then decide to jump ship. Your client relationships are everything; the rest is just background noise. Control what you can control. There aren't any talks of retention packages around here. It's more of a "if we're sold, how much would they pay to keep the FA's" sort of thing. But no one seriously thinks we'll be sold anytime soon. However, we are getting a lot more "pep talks" by management telling us that the firm understands our concerns and so on. More so because of the auction rate situation than any rumors about the firm being sold. A lot of pretty big guys are upset with the firm right now, and I wouldn't be surprised to see some leave soon. The volume of recruiting calls we get has gone way up.