If UBS Moves Back To NYC, Stamford, CT Will Be "Ghost Town"
Because the most talent bankers apparently would rather live in New York City than Connecticut, the Swiss banking firm UBS is considering moving from its massive Stamford, CT headquarters back to the Big Apple. As UBS negotiates a deal at to-be-built 3 World Trade Center, a Stamford man who sells "'a whole lot' of brown-bagged bottles of liquor to UBS employees every evening," tells the NY Times ...
Source: Gothamist
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Shanghai moves up in global financial centre ranking
SHANGHAI, July 8 (Bernama) -- China's economic hub Shanghai ranks as the sixth most competitive financial centre worldwide, up from the eighth last year, according to the Xinhua-Dow Jones International...
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Egypt's Bold Move
Even as the Egyptian Government looks to revive the country's economy, it has turned down the International Monetary Fund (IMF)'s stand-by agreement. A bold move no doubt, but was it a populist decision...
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Uganda: Standard Bank in Move to Counter Mobile Money
The advent of mobile money has transformed telecom companies into financial institutions.
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JPMorgan Splits Retail Unit Among Executives as Scharf Moves On
JPMorgan Chase & Co. split retail banking head Charles Scharf’s duties among three executives and ousted its mortgage chief in a management shuffle at the second- largest U.S. bank.
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UBS banking giant may move to NY
Banking giant UBS has reduced their workforce in Stamford from about four thousand to about three thousand, and they may not be finished.
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Bulgaria Moves to Amend Constitution over Proposed Fiscal Pact
The Bulgarian parliament will debate on Wednesday the establishment of an ad hoc body to deal with constitutional amendments, proposed by Finance Minister Simeon Djankov. Upon submitting the draft constitutional...
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European Stock-Index Futures Rise; Tate & Lyle, Financial Shares May Move
European stock futures climbed, indicating that the benchmark Stoxx Europe 600 Index will trim this week’s drop, before a U.S. report that may show consumer confidence rose. Asian shares rose and...