Lay-offs on Wall Street More time with the family

摘要

It is, says Luqman Arnold, chief financial officer at ubs, a Swiss-based bank, a "tremendous opportunity to hire the best on Wall Street." This is a nice way of saying that the big banks, ubs included, are booting out huge numbers of bankers and brokers, as almost all their businesses—stockbroking, flotations, mergers and acquisitions—dry up.