"UBS is in a league of its own given its track record for scandals," writes the NYT's James...

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7footMoose Comments (2242)
 
The NYT is often in denial of the facts of a story favoring instead the sensationalism of speculation and innuendo.
22 Jul 2012, 09:02 AM Reply Like

Aristiphones Comments (1266)
 
James Stewart is far from a "sensationalist." If this is the same James Stewart who wrote for the WSJ he was a must read then...which makes him a must read now. What you COULD have said is "how we love rogue" of course. And who doesn't love "Rogue Bankers"?! I know they're one of my favorite classes of people! Here's an example of some of this "new type of banking...and the people in it" http://bit.ly/SOOB1A looks like a tough business. think i'll stick to farming.
22 Jul 2012, 10:41 AM Reply Like

deercreekvols Comments (2921)
 
In this day and age of banks and investment firms "losing" client money, it is rather refreshing that UBS paid $22.7B to reimburse clients.

Is JPM going to repay the "Whale Fraud" clients who lost money? It seems that Ohio, Arkansas, Louisiana, Oregon, and a Swedish pension fund don't think so. They have brought class-action lawsuits claiming fraud.

Is MF Global going to pay back the $2B that "vanished" under the watch of Jon Corzine?

If the NYT is going to report about scandals, they should take a walk to Goldman Sachs and start asking questions.
22 Jul 2012, 10:32 AM Reply Like

untrusting investor Comments (9879)
 
One can only hope that banking fraud does finally started to get criminally prosecuted. But the track record of such is pretty dismal over the last decade.
22 Jul 2012, 12:30 PM Reply Like

tonybrown Comments (4)
 
I think as a shareholder of UBS shares that USA is jealous of the fantastic Tier 1 capital ratio of UBS hardly equalled by any other international bank. As Jesus did, start writing in the sand and all other banks will start to creep away!!
22 Jul 2012, 06:41 PM Reply Like

Georgepm Comments (2)
 
The only thing to be said about UBS is that its shares have been hovering around $10.00 for at least the last five years.
23 Jul 2012, 07:09 AM Reply Like