Can't understand how a specialized investment banking group gets these things so wrong, has anyone been sacked or was directly from the Karsten orders, either way that's a loss that does not effect the trading desk but those in other divisions, can see sum layoffs as a result of this stupid trading idea. An what they do is just offshore the administration divisions to India or some other offshore site where labor is cheaper, this just show the utter disrespect for other hard working UBS employees, sorry for the crappy bonus next yr, now managers have an excuse to hand out even less !
Facebook Muppet Of The Day: UBS [View article]