The money network:

The money network:

Why crowdfunding threatens traditional bank lending

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

January 2011

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Abigail with attitude: UBS corporate wear dress guide



I am a rebel. Non-conformity is my middle name. So perhaps it is not surprising that four separate sources sent me the UBS corporate wear dress guide for women and men. This 50-page document is targeted at employees in the Swiss retail branches such as reception staff, “event attendants, security staff and all personnel working in Limousine Service”. Note to Ossie Grübel: why haven’t you sacked all your limousine staff? We are living in an age of the new frugal, and last time I looked UBS wasn’t paying a dividend to its shareholders. Anyway, these guidelines proved to be the comedy highlight of a dreary December. And I must reprimand a humourless reader who sent me the document with the haughty message: “I cannot understand why UBS is still wasting money on such rubbish.”

The author of the guidelines assumes an audience with the intelligence quotient of a hamster. A nugget on neckwear states: “You must always undo the knots after wearing neckerchief so that the material can recover its shape. If necessary, you can lightly press it (no 1 on your iron).” Another extract insists: “Never wear shoes that are too small for your feet – there is nothing worse than a painful smile.” And then there is my personal favourite in the section on colognes and deodorants: “A pleasant encounter with another person can only come about if the message received by your nose does not put you off.” All in all, a priceless late Christmas present: beg, borrow or steal a copy!

The new generation of UK bank CEOs

Rage against the bankers

Current conditions at Credit Suisse

   UBS corporate wear dress guide

Abigail's people of 2010


How was your month? Please send news and views to Abigail@euromoney.com.







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