Likely it will take a lot more than a 43-page booklet on how employees should "Dress for Success" to restore the battered UBS banking brand. But, nevertheless UBS is sure trying.
Earlier this month, you might recall that trustee for the Madoff Ponzi scheme victims Irving Picard filed a complaint against UBS to recover $555 million. And, ever since the global financial crash in 2008, this Swiss bank has had its share of scandals. For instance, it agreed to pay $780 million in 2009 to avoid U.S. prosecution on charges of helping wealthy Americans dodge taxes.