UBS to sell IB arm?

[Chugnut]

Anyone have a concrete source?

sauce

I saw a pavement pizza this morning; does that count?

[bobhope]

My mistake.

I know where UBS are, <litlle bit racist>you can smell the cheese and cuckoos from down the road. </little bit racist>

Smell the cuckoos?

[bobhope]

Anyone have a concrete source? As BB said, it's been on the cards for a while and would make sense in the current climate.

[oracleslave]

I know you always read and follow my posts with great interest OS.

Not the adjective I would have used

I must admit however that my football knowledge (especially when it comes to teams outside London) is not as great as my business knowledge. Unlike some here, I'll be the first one to admit if I'm wrong.

Fair point

[Dow Jones]

One of my fans

I know you always read and follow my posts with great interest OS. I must admit however that my football knowledge (especially when it comes to teams outside London) is not as great as my business knowledge. Unlike some here, I'll be the first one to admit if I'm wrong.

[Bagpuss]

This could be interesting. Who would want to buy it?

Parcelforce? DHL?

[oracleslave]

Loads of utter bolox Geddit?

Is this the same kind of bollox as your Liverpool related posts yesterday? Or is it dfferent this time?

[Dow Jones]

Radio gaga

Loads of utter bolox spouted by people that don't even know where these banks are based, let alone what they do.
Every day someone starts a thread about this bank or the other one, yesterday it was Lehman Bros, now it's UBS turn. For your benefit, all they are doing is splitting Wealth management which is still profitable due to the present high level of risk and uncertainty from investment banking which is currently volatile and less profitable. Simple. Geddit?

[BlasterBates]

This could be interesting. Who would want to buy it?

Or is this just the gossip machine going into overdrive?

Interesting BP, has been mooted in the past. Where are you hearing that?

I think if a hedge fund or two go down that is precisely what'll happen.

[Moscow Mule]

I **thought** SG was docklands? CS are docklands, UBS are Liverpool Street.

My mistake.

I know where UBS are, <litlle bit racist>you can smell the cheese and cuckoos from down the road. </little bit racist>

[Ruprect]

I **thought** SG was docklands? CS are docklands, UBS are Liverpool Street.

Where do you have to go to get a decent coffee then?!?

[BrilloPad]

IIRC a split between the IB & wealth management has been on the cards for a while.

Sas, don't you work there?

I **thought** SG was docklands? CS are docklands, UBS are Liverpool Street.

[Moscow Mule]

This could be interesting. Who would want to buy it?

Or is this just the gossip machine going into overdrive?

IIRC a split between the IB & wealth management has been on the cards for a while.

Sas, don't you work there?

[BrilloPad]

This could be interesting. Who would want to buy it?

Or is this just the gossip machine going into overdrive?