Risklatte
About Us Brownian Motion The AnalystOur ClientsFinancial EngineeringFEATFERFeatures
Risk Latte - U and BS Quiz
Home  >> Does it matter >> U and BS Quiz July 6, 2008, 5:38 am
U and BS – the art of Wealth Management!
Team Latte
April 01, 2008

This special banking quiz is compiled with the help of facts and figures available on the internet and public domain.

1) Which leading wealth manager (in fact, the largest wealth manager) in today’s world cannot manage its own wealth*:

(a) ABC Writedowns
(b) BankScrewy
(c) JohnGiveMeYourMoney
(d) UBS
2)
Which global bank was found guilty by a New York jury in a landmark sexual harassment case and ordered to pay more than $29 million to a former saleswoman**:

(a) BankHarrassment
(b) DollStreet LLC
(c) JaneIsKing
(d) UBS
3) Which foreign institutional investor was banned by SEBI (securities watchdog of India) of India in 2005 from issuing or renewing participatory notes for a period of one year***:

(a)

NoIndia Brokerage

(b)

CoolRipOff Securities

(c)

RiskyVentures

(d)

UBS
4) Aman Capital, a specialist hedge fund that went bust in Asia in April 2005, was set up by three ex-traders of a certain global bank. These traders were experts in derivatives trading and yet lost heavily on derivates trades; their prime broker was also the same bank from where they came. In fact, this particular bank, through another investment vehicle was also a major shareholder of Aman Capital. Which bank are we talking about?****

(a) YouMe&YourMoney;
(b) CreativeScrew
(c) BrothersTooGrim
(d) UBS
5) “Swissair syndrome”, according to the Norwegian consulting company Sevanco, can be described as a combination of splendid exterior and unhealthy interior. This term was coined by these consultants with reference to the case analysis of the demise of the airline Swiss Air. One global bank which was intricately involved with Swiss Air during the final hours of its demise and which itself displays the “Swissair Syndrome” today is*****:

(a) OspelKurer AG
(b) PharaohSalaries
(c) HotWealthHotAir
(d) UBS
6)

In 2003, a National Association of Securities Dealers (NASD) arbitration panel found that the Scottsdale, Arizona office of a leading global bank was liable for sexual harassment and a female employee was awarded US$215,000. We are talking about which bank?******

(a)

BankforMen LLC

(b)

TinySwingingDick LLC

(c)

ShamelessInArizona

(d)

UBS

7) In 1997, LTCM, the failed hedge fund, royally sodomized a leading global bank by doing a derivatives deal, in which the sold call options on $800 million worth of LTCM stock and at the simultaneously bought an $800 million equity stake in LTCM to cover the call option. The bank ultimately made a large loss on this structured transaction and the whole episode demonstrated what big idiots the managers of the banks were. Which bank are we talking about?*******.

(a) DerivativesForFools
(b) BankIgnoramus AG
(c) DerivativesSodomy LLC
(d) UBS
8) Therese Klemenz is a good European housewife who knows better than to put “all her eggs in one basket”. She said so in a recent shareholders’ meeting of a leading global bank that was held in Basel, Switzerland. Which bank are we talking about?********

(a) SubPrimeAlps AG
(b) Union Bank of Crooks
(c) Union Bank of Idiots
(d) UBS
9) A leading bank recently told its customers that it was reducing the value of the ARS (auction rate securities) in their accounts by an average of 15% and at the same time refusing to buy the bonds back from the investors. A Forbes.com columnist likened this to the situation whereby the bank was telling the investors that “you are on your own”. That bank is*********:

(a) UsUs&OnlyUs LLC
(b) YourMoneyisWasted LLC
(c) Arsecurities
(d) UBS
10) Swiss SRI and corporate governance foundation, Ethos, is a shareholder of a large global bank. Recently, it called for an external audit of that bank’s risk management policies and practices to explain how such huge sub-prime investment write-downs occurred in its books. The bank in question is:

(a) EthicsAreForFools AG
(b) Crooks, Idiots and Traders AG
(c) UpInvestorsschaft
(d) UBS

*http://biz.yahoo.com/ap/080401/switzerland_ubs.html *http://www.reuters.com/article/marketsNews/idUKL0123847620080401?rpc=44
**http://www.iht.com/articles/2005/04/07/business/ubs.php
***http://www.dancewithshadows.com/business/sebi-bars-ubs.asp
****http://www.talkingcock.com/html/viewtopic.php?topic=6&forum=3
http://us.ft.com/ftgateway/superpage.ft?news_id=fto061920050038003008
*****http://www.sevanco.net/news/full_story.php?id=1150
*****http://www.forbes.com/2008/04/01/ospel-ubs-kurer-face-cx_vr_0401autofacescan01.html
******http://news.hereisthecity.com/news/business_news/2939.cntns
*******http://laboratorium.net/archive/2001/01/27/funny_money
http://www.derivativesstrategy.com/magazine/archive/1998/1098shrt.asp
********http://www.iht.com/articles/2008/04/04/business/wbubs.php
*********http://www.forbes.com/2008/03/28/ubs-auction-rates-markets-equity-cx_vr_0328markets32.html
**********http://www.forbes.com/afxnewslimited/feeds/afx/2007/12/20/afx4461771.html

More Quiz Portfolio Engineering >>

back to top


 
Only RiskLatte
World Wide Web
What's New
 
a d v e r t i s e m e n t
a d v e r t i s e m e n t
 


Contact Us / Terms of Use / Privacy Policy / Feedback / Advertising
Risklatte
Copyright © 2002-2008 Risk Latte Company Limited. All Rights Reserved.