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Search resuls for: "UBS didn't"


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Jefferies included a $4 million break-up fee in an offer letter to a banker. The Wall Street bank is demanding payment after Dean Decker stayed with Credit Suisse after signing. AdvertisementA Wall Street bank inserted a $4 million break-up fee into an offer letter and demanded the payment after the employee backed out. "In fact, the only winner was Decker — both Jefferies and Credit Suisse were gamed (pun intended.)" It's worth noting that Credit Suisse agreed to cover Decker's legal costs and any damages, meaning UBS is on the hook following a merger of the two Swiss banks last year.
Persons: Jefferies, Dean Decker, , Decker, Decker —, UBS didn't Organizations: Credit Suisse, Service, Bloomberg, Jefferies, Suisse, UBS, Banco Santander, Business Locations: California, Spanish
Retailers like CVS, Walmart, and Target have tried to fight theft by locking up aisles of products. Stores must also consider staffing and supply chain issues, a retail theft expert told UBS. Tech can help fight organized retail crime, but "it's necessary to follow up with human intervention," the expert said. The source told UBS that retailers often miss two key elements — staffing levels and supply chain issues — when trying to tackle shrink. "The lack of sufficient staffing remains a major contributor to shrink, as shrink monitoring technologies are only effective insofar as they flag risk," the UBS note said.
Persons: Organizations: CVS, Walmart, Target, UBS, Tech, Service, Privacy
UBS acquired Credit Suisse in a rescue takeover over the weekend. But Credit Suisse didn't want to be rescued, and UBS didn't want to have to be the rescuer. For example, the first official word of the deal came from the Swiss National Bank, which announced: "UBS today announced the takeover of Credit Suisse." Next, Credit Suisse announced: "Credit Suisse and UBS to Merge." In 2019, after UBS announced Khan's hire, the chief operating officer at Credit Suisse ordered a colleague to spy on him.
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