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UBS Collapse Continues As Entire Energy And MLP Americas Banking Team Defects To Citigroup
Life at UBS continues to suck, as rumors of defections eventually ceasing are greatly exaggerated. Today we have learned that the entire American UBS energy and MLP investment banking team has defected to Citi. This follows such high profile departures as the firm's healthcare and stock churning teams leaving for Jefferies some time ago, and who knows how many other people. Those who are seeking to get a confirmation from UBS' Stephen Trauber may have to look for him at his new position somewhere in the bowels of 399 Park.
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Maybe they were treated like sex objects.
Maybe their tax evasion histories were turned over to the IRS.
I want to know how UBS's CHF loan portfolio is doing. CEE gotta be ready to give.
On another note...
Glad to see we got that 10 minutes of selling out of the way this morning. Another 5 minute candle chart creating the familiar green staircase to the moon.
very frustrating. cant buy fast enough.
I received 2 calls yesterday from UBS looking for business
The talent always bolts first bc they can read tea leaves
From firsthand experience of many years, I cannot imagine a worse place to work than Citigroup. OK, maybe Foxxcon. Maybe.
Things must really suck at UBS.
From one sinking ship to the USS Titanic. They can go move the deck chairs around while they continue to slowly sink.
I think you're being just a tad sensationalistic, Tyler. Have you seen UBS's results for the last few quarters, in particular the last one?
Hardly evidence of a continuing collapse.
The departure of this unit is part of the usual ebb and flow of I-bank staff moves.
and didn't Citigroup have a "100 million dollar man"? something tells me "this isn't UBS's style."
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