April 15 news at noon, according to foreign media reports, UBS said Wednesday that the bank will be losses in the first quarter nearly two billion Swiss francs (about 1.74 billion U.S. million), and laid off 8700 people, in order to speed up the restructuring process.
UBS's new chief executive Oswald Gruebel said in his speech, its goal is by 2010 the total number of staff from UBS closed at the end of the 3 people to cut 76,200 to 67,500 people.
Gruebel also said that because of the low liquidity of the assets of a loss of about 3.9 billion Swiss francs and Swiss wealth management and banking sector capital outflows 23 billion Swiss francs, the bank will be losses in the first quarter. UBS shareholders at the annual conference made the statement before.
The global financial crisis has forced UBS since the mid-2007 by about 50 billion U.S. dollars of assets and 11,000 job cuts were announced.
Apr. 15, 2009
Goldman Sachs profit growth in wages over the same period last year
April 14 news, Goldman Sachs achieved the first quarter of 1.7 billion U.S. dollars of profit, and has allocated 4.7 billion U.S. dollars of wages and bonuses. 4.7 billion U.S. dollars this quarter is the Goldman Sachs 50% of revenue, and this proportion is higher than 48 percent a year earlier.
Goldman Sachs is the increase in salary cost is the reduction in the number of employees of the circumstances. Since the end of last year, Goldman has laid off 7 percent of the staff. According to the disclosure of Goldman Sachs, it set aside more money is one of the reasons for the increase in income. Salary income is the denominator of the ratio of income, so the increase in income will have an impact on this percentage. But this is not pay the full reasons for the rising costs.
Warren Buffett from Goldman Sachs last year to raise funds there, one of the reasons less is to accept some of the problems of the capital asset relief program; Today, Goldman Sachs became the first fund-raising five billion U.S. dollars, eager to repay the issue of asset relief program funds large banks. The purpose of this is: If you do not have to worry the issue of asset relief program funds, Goldman Sachs would not be too frugal, or ready to pay 90% of the bonus tax.
Apr. 14, 2009
Goldman Sachs is the increase in salary cost is the reduction in the number of employees of the circumstances. Since the end of last year, Goldman has laid off 7 percent of the staff. According to the disclosure of Goldman Sachs, it set aside more money is one of the reasons for the increase in income. Salary income is the denominator of the ratio of income, so the increase in income will have an impact on this percentage. But this is not pay the full reasons for the rising costs.
Warren Buffett from Goldman Sachs last year to raise funds there, one of the reasons less is to accept some of the problems of the capital asset relief program; Today, Goldman Sachs became the first fund-raising five billion U.S. dollars, eager to repay the issue of asset relief program funds large banks. The purpose of this is: If you do not have to worry the issue of asset relief program funds, Goldman Sachs would not be too frugal, or ready to pay 90% of the bonus tax.
Apr. 14, 2009
Goldman Sachs to invest 5.5 billion U.S. dollars was committed to
April 13, informed sources said that Goldman Sachs has adopted a new round of raising funds, investors have been a total of 5.5 billion U.S. dollars capital injection commitment. Goldman will use the funds to invest in the secondary market, a discount to buy private assets.
Goldman Sachs this new fund, called the GS Vintage Fund V, if completed on schedule to pay investors, then the fund will become the largest-ever secondary market funds. At present, the Goldman Sachs have become a secondary market of the major players in the field of mergers, in response to the market after four Prospectus, the Goldman Sachs received a total of about six billion U.S. dollars capital injection. In addition to Goldman Sachs, the major players in this market there are Lexington Partners Inc., Coller Capital, as well as companies such as Pomona Capital.
It is reported that the newly formed team will be vested in the Fund's Goldman Sachs Capital Management. In addition, Goldman Sachs is also operating a large-scale private business, in April 2007, Goldman Sachs's private equity fund a large-scale financing obtained through the 20 billion U.S. dollars capital injection.
Apr. 13, 2009
Goldman Sachs this new fund, called the GS Vintage Fund V, if completed on schedule to pay investors, then the fund will become the largest-ever secondary market funds. At present, the Goldman Sachs have become a secondary market of the major players in the field of mergers, in response to the market after four Prospectus, the Goldman Sachs received a total of about six billion U.S. dollars capital injection. In addition to Goldman Sachs, the major players in this market there are Lexington Partners Inc., Coller Capital, as well as companies such as Pomona Capital.
It is reported that the newly formed team will be vested in the Fund's Goldman Sachs Capital Management. In addition, Goldman Sachs is also operating a large-scale private business, in April 2007, Goldman Sachs's private equity fund a large-scale financing obtained through the 20 billion U.S. dollars capital injection.
Apr. 13, 2009
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