{"id":712,"date":"2013-12-10T00:20:29","date_gmt":"2013-12-09T22:20:29","guid":{"rendered":"http:\/\/www.calvert.ch\/maurice\/?p=712"},"modified":"2015-02-22T21:31:12","modified_gmt":"2015-02-22T20:31:12","slug":"ubs-comes-to-its-senses-finally","status":"publish","type":"post","link":"https:\/\/www.calvert.ch\/maurice\/2013\/12\/10\/ubs-comes-to-its-senses-finally\/","title":{"rendered":"UBS comes to its senses (finally)"},"content":{"rendered":"<p>18 months ago <a href=\"http:\/\/www.calvert.ch\/maurice\/2012\/08\/01\/the-pot-calling-the-kettle-black\/\">I suggested<\/a> that UBS get out of investment banking, if for no other reason than I was sickened by having to pay thousands of francs to bail a too-big-to-fail greedy bunch of arseholes who should have been hung out to dry long ago. I apologise for the strong language, but I really am sick and tired of this. In an unexpected move, they appointed <a href=\"http:\/\/en.wikipedia.org\/wiki\/Sergio_Ermotti\">Sergio Ermotti<\/a>, a wise Swiss-Italian (like the brilliant <a href=\"http:\/\/www.snb.ch\/en\/mmr\/reference\/pre_20110311\/source\/pre_20110311.en.pdf\">Alfredo Gysi<\/a>) as group CEO and he had the sense wind down the loss-making division. I&#8217;m far from ready to heap praise on UBS, but let us render unto Caesar, it&#8217;s a step in the right direction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>18 months ago I suggested that UBS get out of investment banking, if for no other reason than I was sickened by having to pay thousands of francs to bail a too-big-to-fail greedy bunch of arseholes who should have been <a href='https:\/\/www.calvert.ch\/maurice\/2013\/12\/10\/ubs-comes-to-its-senses-finally\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[58],"class_list":["post-712","post","type-post","status-publish","format-standard","hentry","category-finance","tag-fools","category-3-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/comments?post=712"}],"version-history":[{"count":2,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/712\/revisions"}],"predecessor-version":[{"id":714,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/posts\/712\/revisions\/714"}],"wp:attachment":[{"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/media?parent=712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/categories?post=712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.calvert.ch\/maurice\/wp-json\/wp\/v2\/tags?post=712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}