Kaminsky’s Call: Is “Wire House” Broker Model Broken?

UBS landed in the headlines this week, after a Wall Street Journal report suggested the firm was nearly hemorrhaging talent.

According to the paper, sagging morale and a disconnect between UBS headquarters in Zurich and the New York-based investment-banking unit have caused an exodus of bankers.

Since the financial crisis peaked in 2008, UBS has lost more than 40 senior U.S. bankers of the managing-director rank and several more junior bankers, based on a tally of departures that were made public.

Is this a UBS problem or are is the so-called "wire house" brokerage model broken?

Get all the details from Strategy Session co-host Gary Kaminsky.

Watch the video now!

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