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UBS Finds Boss For Deals Unit, But Will It Live?

Authors :
Berman, Dennis K.
Mollenkamp, Carrick
Horowitz, Jed
Bart, Katharina
Raghavan, Anita
Source :
Wall Street Journal - Eastern Edition. 2/13/2008, Vol. 251 Issue 36, pC1-C3. 2p.
Publication Year :
2008

Abstract

The article discusses the investment banking operation of UBS AG. It is expected that Morgan Stanley veteran Jerker M. Johansson will be appointed as head of the unit. However, UBS has warned that it will have to take significant writedowns as a result of investment banking activity, and some speculate the firm could sell the operation.

Subjects

Subjects :
*INVESTMENT banking
*WRITE-offs

Details

Language :
English
ISSN :
00999660
Volume :
251
Issue :
36
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
29383543