Company: UBS

Why BarCap’s rate cuts will produce a domino effect

Until recently, the IT contractor 10% rate cuts had largely confined to a handful of investment banks which were retrenching in the UK anyway. Now, however, BarCap’s decision to slash contractor pay could prove to be the tipping point for universal rate cuts. From 5 December, BarCap (and Barclays Wealth) will cut rates by 10% [...]

Irish banks looking in-house for corporate finance advisory work

Ireland’s largest banks are either raising cash through rights issues or selling assets in order to bolster capital reserves. While the international investment banks will be vying for the lucrative advisory fees on offer, it’s also music to the ears of the firms’ internal corporate finance divisions. Bank of Ireland is seeking line up a [...]

Would you take a passage to India?

Credit Suisse has unveiled plans to double staff numbers in India and isn’t the only bank upping staff numbers in the region – Swiss rival UBS is also looking to double its Indian headcount and the likes of Merrill Lynch and Citi are also building their business on the subcontinent. M&A deals in India are [...]

Editor’s take: Conservative cover from the credit crunch

Irish banks’ sub-prime bruises pale in comparison to the battering banks have taken globally, but you shouldn’t be popping the champagne corks just yet. It’s the moment of truth for the two big players in the Emerald Isle – Bank of Ireland and Allied Irish Bank – whose long-professed sanguine attitude surrounding the global credit [...]

Poles polish up their passports for a return home

Polish fund administrators have helped stave off Ireland’s talent shortage. Now it seems they might leave the country high and dry. There was an influx of Poles into the Irish funds sector last year, and they are now the biggest ethnic minority group in the country as a whole – numbering 200,000. But a rapidly [...]

It pays to work in Dublin

London may pay its financial services employees almost 38% more, but once rent and bills are paid Irish workers may be better off at the end of the month. And it’s all down to tax. A new survey by UBS investment bank shows that workers in Dublin have the third highest purchasing power in the [...]