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Tuff-Stuff

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Tuff-Stuff

Re: None

Friday, 03/20/2015 3:59:48 PM

Friday, March 20, 2015 3:59:48 PM

Post# of 53906
Sign of the times: UBS and RBS may move in together

Prior to the financial crisis, UBS's trading floor in Stamford, CT was the world's largest, and RBS's right across the street wasn't far behind.
It's a different story since, and both banks are busy scaling back trading and U.S. operations. Staff at UBS's Stamford operation numbered just 500 as of last summer, down from a peak of 4K, and RBS has 1.6K, down from 2.4K a year ago - and with hundreds more set to go.
Current talks would have UBS renting about 25% of the space in RBS's building, with RBS retaining the rest.

Pray for A Pain Free Day!

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