UBS to Hire 20 Managing Directors in Bid to Boost Investment Banking

The video discusses UBS's strategy to hire after cutting jobs to remain competitive in the US investment banking sector. It highlights the competitive nature of Wall Street, where banks like UBS, Mizuho, and others are cutting jobs but also seeking top talent to maintain their edge. The discussion also touches on the broader trend of job movements within the banking industry.

What sectors is UBS focusing on to stay competitive in the US?

• Automotive and Retail

• Healthcare and Finance

• Real Estate and Energy

• Technology and Consumer

What is the current attitude of Wall Street towards performance?

• Forgiving and lenient

• Focused on long-term growth

• Indifferent to changes

• Demanding immediate results

Which bank is mentioned as not being the only one cutting jobs?

• Bank of America

• JPMorgan Chase

• UBS

• Goldman Sachs

What is the main concern regarding the job cuts on Wall Street?

• Increase in part-time jobs

• Impact on senior management

• Effect on mid-tier employees

• Reduction in entry-level positions

Which banks are mentioned as having cut jobs alongside UBS?

• Mizuho and Lizard

• HSBC and Barclays

• Deutsche Bank and Credit Suisse

• Citibank and Wells Fargo