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  #21  
Old 09.09.2008, 17:14
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Re: How Safe is UBS

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Are you colleagues with the other forumite that was adamant that UBS net asset flows are positive, perchance?

Just in case, the trolls proved him wrong.

No I'm not. And he was just being crazy.

However, I believe that what you mean to say is that UBS' results proved the trolls right.

Also it is worth noting that outflows were not enormous. Something like 43 billion againt 2500 billion invested.

Something that we don't know though is which one of UBS' rivals you work for.
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  #22  
Old 09.09.2008, 17:22
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Re: How Safe is UBS

IIRC, UBS exceeds Wikipedia reference-linkBasel_II requirements for First Pillar coverage of assets to address risk.

Yes, internally, there is some very necessary change being undertaken but as a bank for retail or private banking, your lolly should be safe.
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  #23  
Old 09.09.2008, 17:26
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Re: How Safe is UBS

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You don't say. If the reserves are that huge, how come they had to raise capital then?

You do know this kind of information is public.

Oh, Lob covered it already.
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  #24  
Old 09.09.2008, 18:46
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Re: How Safe is UBS

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You do know this kind of information is public.

Oh, Lob covered it already.
You do know the Federal Banking Commission is acting to raise minimum reserve ratios?

Oh.
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  #25  
Old 09.09.2008, 18:50
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Re: How Safe is UBS

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Also it is worth noting that outflows were not enormous. Something like 43 billion againt 2500 billion invested.
You surely factored in the fact that the inflows have swung from positive 50 billion to negative 50 billion? Ah.

6% down on AuM is big for any private bank. Especially so if part of it is institutional money.

You also factored in the leverage effect due to C/I ratio deteriorating? Ah.

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Something that we don't know though is which one of UBS' rivals you work for.
Rest assured my analysis has been proved right regardless of employer.
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  #26  
Old 09.09.2008, 19:18
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Re: How Safe is UBS

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You surely factored in the fact that the inflows have swung from positive 50 billion to negative 50 billion? Ah.

6% down on AuM is big for any private bank. Especially so if part of it is institutional money.

You also factored in the leverage effect due to C/I ratio deteriorating? Ah.



Rest assured my analysis has been proved right regardless of employer.
My point was that headlines reporting 43 billion outflow don't tell the whole story.

I think you are missing the point of the thread which was a simple enquiry as to whether or not UBS was a safe place to deposit money.

Is it possible that the presentation of your analysis is tainted by self interest ?
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  #27  
Old 09.09.2008, 21:23
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Re: How Safe is UBS

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Hi

I am a new member and have spent the last few days searching the board for a discussion on the safety of keeping money in UBS.This seems to be a difficult subject to obtain any views apon in the UK as not many people are very familiar with the establishment bar the recent writedown stories heralded in the UK press.
If I have missed a thread which has already dealt with this would you be kind enough to guide me to it. If however, you feel you could offer your opinion on the wisdom of keeping your savings in UBS here your commentary would be gratefully received.

Thanks in advance.

Delite1

There are so many Swiss and other Banks to choose from. If you have the slightest doubt about UBS, then choose another.
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  #28  
Old 10.09.2008, 12:32
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Re: How Safe is UBS

now that we all agree on UBS ... it's time to hijack the thread in a slightly different (but more relevant) direction


anyone think Lehman brothers is too big to fail?

I'm willing to bet they don't last past this weekend
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  #29  
Old 10.09.2008, 13:10
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Re: How Safe is UBS

Dino, I agree looks like Lehman is the net skittle to fall. In my opinion if Freddie Mac and all the others can fail so can any other bank including UBS. I also was shocked when Swissair went bust. We are living in a time when nothing is sacred. Any firm not backed by a Government can go bust, especially if its managers have no clue what their employees are doing in the name of the company,on behalf of the management. I have no sympathy at all for all these so called Bankers, who rack up multi-billion write-downs. Their practices stink. They have ever more regulations, and yet still manage to lose money hand over fist. I find the losses something that collectively they should be ashamed of, I am shocked that so few fall on the sword, before it falls on them.
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  #30  
Old 10.09.2008, 13:26
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Re: How Safe is UBS

Safe as houses.
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  #31  
Old 10.09.2008, 13:38
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Re: How Safe is UBS

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now that we all agree on UBS ... it's time to hijack the thread in a slightly different (but more relevant) direction


anyone think Lehman brothers is too big to fail?

I'm willing to bet they don't last past this weekend
Too much of an easy bet - ain't playing
Korea is having a ball, playing cat and mouse. Bet they could eventually manage to let the stock sink like a stone and then still manage to put in the winning bid...

'twill be interesting, 'twill be

Paul
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  #32  
Old 10.09.2008, 15:03
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Re: How Safe is UBS

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Dino, I agree looks like Lehman is the net skittle to fall. In my opinion if Freddie Mac and all the others can fail so can any other bank including UBS. I also was shocked when Swissair went bust. We are living in a time when nothing is sacred. Any firm not backed by a Government can go bust, especially if its managers have no clue what their employees are doing in the name of the company,on behalf of the management. I have no sympathy at all for all these so called Bankers, who rack up multi-billion write-downs. Their practices stink. They have ever more regulations, and yet still manage to lose money hand over fist. I find the losses something that collectively they should be ashamed of, I am shocked that so few fall on the sword, before it falls on them.
SPB

pure ignorance or incompetence wouldn't be so bad. even terminal stupidity can be guarded against. the problem here is that the bankers and politicians and regulators all play this elaborate charade that ends up with you and I getting screwed.

get this ... Fannie and Freddie were created by the US Govt, and returned hefty rewards to both shareholders and employees (especially the big boys at the top), yet were allowed to spend some $800 million and $100 million respectively on LOBBYING the same government over the last decade...

the Freddie CEO (who had his ass fired two days ago) will collect some $14 million in severance. MOST of this accrued due to a small clause that was inserted into his contract in July. Yes, thats July 2008. after it became clear that the ship was going down.

Thats not incompetence... thats simple theft. of taxpayer money.
anyone doubt that he shared it with the cops ???
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  #33  
Old 10.09.2008, 15:48
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Re: How Safe is UBS

Well, you know, I was watching the comedian, Carlin, just last nite...one of his shows on the US gov't/system


The sad thing, really, is that the audience is laughing, instead of being driven to a frothy fury.

So my guess is that folks are just going to have too many problems to find yet more inner reserves to stand up against this load'o'baloney and kick the whole lot out.
Another Carlin will eventually take the whole FreddieFannie schpiel to the stage, for the amusement of another audience.
Big Brutha' oughta be pleased :-/

paul
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  #34  
Old 11.09.2008, 15:57
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Re: How Safe is UBS

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Too much of an easy bet - ain't playing
Korea is having a ball, playing cat and mouse. Bet they could eventually manage to let the stock sink like a stone and then still manage to put in the winning bid...

'twill be interesting, 'twill be

Paul
Playing cat'n'mouse has never been so profitable, methinks...

http://www.bloomberg.com/apps/news?p...6G4&refer=home

circling like vultures, just waiting for the victim to die :-/

Paul
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  #35  
Old 15.09.2008, 16:28
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Re: How Safe is UBS

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now that we all agree on UBS ... it's time to hijack the thread in a slightly different (but more relevant) direction


anyone think Lehman brothers is too big to fail?

I'm willing to bet they don't last past this weekend
damn ... missed it by a whole day

and ML - played a dirty trick by selling themselves... a bankruptcy would have served poetic justice better..

Washington Mutual and AIG are racing to the edge of the cliff... any bets on which one is going to leap next?
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  #36  
Old 15.09.2008, 21:08
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Re: How Safe is UBS

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Anyone else move their money out of UBS after today?
now located under your mattress presumably?
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  #37  
Old 15.09.2008, 21:16
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Re: How Safe is UBS

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now located under your mattress presumably?
I tried putting it under the mattress, but these Swiss beds means it just falls on the floor Actually, I have a CS account too.

The UBS account is under the guaranteed limit, but I worry about how long the Swiss govt will take to pay out the guaranteed amounts. I wonder if I will be able to pay my bills in the meantime.
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  #38  
Old 15.09.2008, 21:50
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Re: How Safe is UBS

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I tried putting it under the mattress, but these Swiss beds means it just falls on the floor Actually, I have a CS account too.

The UBS account is under the guaranteed limit, but I worry about how long the Swiss govt will take to pay out the guaranteed amounts. I wonder if I will be able to pay my bills in the meantime.
The questions are the litmus test of these sorry times.
Deposit your $$$ w/ Raiffeisen. It's a Cooperative bank and they don't take any of the stupid risks that UBS + CS took.

BTW and FWIW I do not work for Raiffeisen - it's just that in these recent months I have taken to like this little stodgy provincial (at least down here) bank. It's the lifeline to the local economy, funded by locals, managed by locals. You can always count on them to extend a couple hundred for a small public event, and their mortgage rates are fair.

BTW a video comment on FT.com suggested that the banks of the future will be more of the "raiffeisen" variety and less Gordon Gekko fiefdoms...

Food for thought.

Paul
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  #39  
Old 16.09.2008, 16:14
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Re: How Safe is UBS

UBS just breached CHF 16
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  #40  
Old 16.09.2008, 16:37
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Re: How Safe is UBS

Funny no one mentions GE.
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