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  #1101  
Old 02.07.2009, 20:08
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Think China / UAE / Saudi / Korea / Russia et al.
All are punting for the pivotal job - of using their currency in a World leading role.

seriously ... Saudi?? Russia ???

in that case, why not Ethiopia and Papua New Guinea?
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  #1102  
Old 03.07.2009, 00:28
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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If UBS could sell its Network of US Branches to a willing investor (?) the cash resulting could be used to make a deal with the IRS / settle the dispute finally.

by the way, and just to be clear, UBS does not have traditional branches (consumer or corporate banking) in the US. They have a small number of wealth management offices.

If the US succeeds in driving away the clientele (and it increasingly looks like it has done that), the few branches will not amount to more than a 100 million, all told. and that, as we all know, is rounding error on the UBS balance sheet.

My money is still on a breakup in the near future - there wealth management business cannot possibly survive under the same roof as the Investment bank.
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  #1103  
Old 03.07.2009, 01:15
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

I guess some will be poached- undoubtedly a Swiss passport or military experience won't be a requirement.
http://dealbreaker.com/2009/06/ubs-s...who-leaves.php
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  #1104  
Old 03.07.2009, 13:37
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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seriously ... Saudi?? Russia ???

in that case, why not Ethiopia and Papua New Guinea?
You have to be joking Dino...Why Saudis and Russians - simply cos of Oil...
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  #1105  
Old 03.07.2009, 14:54
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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You have to be joking Dino...Why Saudis and Russians - simply cos of Oil...
hey you started with the joking , so don't blame me!

they have oil. and that makes their currency a candidate for world domination? Saudi and Russia are both kleptocratic banana republics.

Now China - at least that is a half serious proposal, although I doubt that will happen soon either. but Russia ... pullleeezz
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  #1106  
Old 09.07.2009, 10:32
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

So, they turn the heat up a notch...

Would US Gov. shut down UBS if necessary?
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  #1107  
Old 10.07.2009, 10:40
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

I spent a lot of yesterday reading these 37 pages regarding the UBS and Financial Crisis Banking.
Most impressive posting and surprised how many seem to have such knowledge and common sense of what was happening.
It was interesting reading the posts, especially now knowing what the events turned out to be.

Why didn't the government just let the banks go bust in the UK except for the countries face in the world financial markets?
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  #1108  
Old 10.07.2009, 11:28
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Why didn't the government just let the banks go bust in the UK except for the countries face in the world financial markets?
Well - lots of highly paid jobs gone means a LOT of taxes (both from companies and employees) that would be sorely missed by the government...

Same reason why the Swiss government tries to protect UBS as far as they can...
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  #1109  
Old 10.07.2009, 11:40
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Well - lots of highly paid jobs gone means a LOT of taxes (both from companies and employees) that would be sorely missed by the government...
It runs rather deeper than that. Ever since the 1980s the UK had been concentrating on the financial sector, and billing it as the future economic powerhouse of the country. Too many eggs in one basket for my taste.
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  #1110  
Old 10.07.2009, 11:44
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Well - lots of highly paid jobs gone means a LOT of taxes (both from companies and employees) that would be sorely missed by the government...

Same reason why the Swiss government tries to protect UBS as far as they can...

plus its a double hit for the gov, they lose personal tax, corp tax, business rates etc etc and have to pay out unemployment, tax refunds, income support etc etc.

Its not just the actual bank that would lose staff either, ad agencies, cleaning companies, local service companies etc etc would all notice if 20,000+ well paid staff where suddenly not there anymore.

The uk gov is going to do very nicely indeed with there 'bail out' they got the banks at bargain basement rates, the banks are repaying the gov 'loans' with there very high interest rates, and the gov still own huge chunks of them, give it a year or so and those shares will be worth a fortune
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  #1111  
Old 10.07.2009, 11:56
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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I spent a lot of yesterday reading these 37 pages regarding the UBS and Financial Crisis Banking.
Most impressive posting and surprised how many seem to have such knowledge and common sense of what was happening.
It was interesting reading the posts, especially now knowing what the events turned out to be.

Why didn't the government just let the banks go bust in the UK except for the countries face in the world financial markets?
Well most UK companies have the business model that they run on borrowed capital; if that capital had to be paid back there would be a terrible domino effect on the economy.
Different in Switzerland where it is claimed most companies are self funded.

Marton
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  #1112  
Old 10.07.2009, 12:15
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Well - lots of highly paid jobs gone means a LOT of taxes (both from companies and employees) that would be sorely missed by the government...

Same reason why the Swiss government tries to protect UBS as far as they can...
"But these highly paid jobs" were obviously not justified looking at what has happened.
Both Switzerland and The City Of London are dependent on Financial Markets but isn't it clear to people by now that these financial investments don't make money for anyone except commission for people who sell them and the traders who manipulate them.
Aren't people by now realising, you have to actually work to make money?
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  #1113  
Old 10.07.2009, 12:24
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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"But these highly paid jobs" were obviously not justified looking at what has happened.
Both Switzerland and The City Of London are dependent on Financial Markets but isn't it clear to people by now that these financial investments don't make money for anyone except commission for people who sell them and the traders who manipulate them.
Aren't people by now realising, you have to actually work to make money?
Well... you ever needed a mortgage to finance your house or business, a small loan to finance your car, or a credit to get over the tough times?
I am by no means a financial expert (hence why this thread is so interesting), but those services are needed in our time.
Of course the leading heads of those institutes did not do their job properly, as I see it, so we ended up in this mess. Should we just close up shop and go back to grow food and trade goods?
Are you sure you do not depend on these services just like everybody else??
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  #1114  
Old 10.07.2009, 12:26
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

"plus its a double hit for the gov, they lose personal tax, corp tax, business rates etc etc and have to pay out unemployment, tax refunds, income support etc etc."

That is surely going to be the case now anyway.
No Credit => No Sales => Not VAT, No Corporation Tax => Redundancies => NO PAYE/NI + Job Seekers + Tax Credits + Housing Benefit Costs.

Its not just the actual bank that would lose staff either, ad agencies, cleaning companies, local service companies etc etc would all notice if 20,000+ well paid staff where suddenly not there anymore.

If there is no Credit => There will be no sales => what is the point in Advertising for Sales.

The uk gov is going to do very nicely indeed with there 'bail out' they got the banks at bargain basement rates, the banks are repaying the gov 'loans' with there very high interest rates, and the gov still own huge chunks of them, give it a year or so and those shares will be worth a fortune.

If the government had let the bank go bust and used the Northern Rock and Post Offices as banks, the banks would in effect have cost even less.
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  #1115  
Old 10.07.2009, 12:30
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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"plus its a double hit for the gov, they lose personal tax, corp tax, business rates etc etc and have to pay out unemployment, tax refunds, income support etc etc."

That is surely going to be the case now anyway.
No Credit => No Sales => Not VAT, No Corporation Tax => Redundancies => NO PAYE/NI + Job Seekers + Tax Credits + Housing Benefit Costs.

Its not just the actual bank that would lose staff either, ad agencies, cleaning companies, local service companies etc etc would all notice if 20,000+ well paid staff where suddenly not there anymore.

If there is no Credit => There will be no sales => what is the point in Advertising for Sales.

The uk gov is going to do very nicely indeed with there 'bail out' they got the banks at bargain basement rates, the banks are repaying the gov 'loans' with there very high interest rates, and the gov still own huge chunks of them, give it a year or so and those shares will be worth a fortune.

If the government had let the bank go bust and used the Northern Rock and Post Offices as banks, the banks would in effect have cost even less.

and you want to start a business??
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  #1116  
Old 10.07.2009, 12:31
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

"Well... you ever needed a mortgage to finance your house or business, a small loan to finance your car, or a credit to get over the tough times?"

I agree, that is straight forward traditional banking; not all these flashy phoney financial instruments that have been created that are not even on the balance sheet of the banks.
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  #1117  
Old 10.07.2009, 12:32
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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and you want to start a business??
I am in business; maybe that is why I am not rich
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  #1118  
Old 11.07.2009, 03:50
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

July 4th Sulzer shares went up and there was talk of take-over bid. Now that they are pulling out pf the Ilisu project, does that mean that shares will crash? The Russians will get hammered.
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  #1119  
Old 11.07.2009, 04:55
hoppy
 
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

If they shred enough of the nuclear documents will conditions ease for UBS- or is my mention of a connection totally in La-La land?

http://www.swissinfo.ch/eng/front/Co...46746000&ty=st

Interesting to me is that:

Quote:
U.S. District Judge Alan Gold is giving the Justice Department until Sunday to say whether it is prepared to close down UBS domestically over the Swiss bank's secrecy and related tax issues.
http://www.smartbrief.com/news/nyssa...2-7B5E908175ED

I mean why does he need to ask-he is a judge he carries out the law without confering wht the goverment huh? Better get the shredding done before Sinday? How do they knowthattehyhave shredded everything? Monday will be interesting; maybe UBS will be brought back from the brink. Maybe it is too late for UBS, but not for other banks.

Anyway you guys are the analysts so let me know what you think of my crazy idea.

Last edited by hoppy; 11.07.2009 at 05:19.
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  #1120  
Old 11.07.2009, 22:36
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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If they shred enough of the nuclear documents will conditions ease for UBS- or is my mention of a connection totally in La-La land?

http://www.swissinfo.ch/eng/front/Co...46746000&ty=st

Interesting to me is that:



http://www.smartbrief.com/news/nyssa...2-7B5E908175ED

I mean why does he need to ask-he is a judge he carries out the law without confering wht the goverment huh? Better get the shredding done before Sinday? How do they knowthattehyhave shredded everything? Monday will be interesting; maybe UBS will be brought back from the brink. Maybe it is too late for UBS, but not for other banks.

Anyway you guys are the analysts so let me know what you think of my crazy idea.
Surely the UBS staff just need to shred the paperwork, format the hard drives and vacate the offices.
This is surely what the UBS want as there is no point in having offices in the USA. Forced closure would probably reduce their severance and redundancy payments and put them on the USA government.
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