DEAL WATCH: SWISS BANK DEAL’S UGLY TRUTH: OVER 1,500 U.S. JOBS WILL BE CUT: CHINTZY BONUSES ARE MANAGEMENT’S WAY OF SAYING: ‘SORRY, HEIDI, TIME TO LOOK ELSEWHERE’
When Union Bank of Switzerland, with assets of $249 billion, announced its mega-merger with $230 billion Swiss Bank…
When Union Bank of Switzerland, with assets of $249 billion, announced its mega-merger with $230 billion Swiss Bank Corp. in December, UBS employees in New York took the announcement in stride.
"We thought we had bought them," says an analyst in UBS's investment banking division.
Today it looks li
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