UBS outfit rule identifies lender chic

The UBS outfit rule is a forty three-page handbook issued by the Swiss financial institution UBS AG to its employees. Standards for appearance are strict and particular. Every little thing from makeup to how to hang a suit properly is covered. The UBS outfit code, experts say, is one of several elements to a plan the bank has launched to repair its impression after getting hammered within the global financial meltdown. It is uncertain that a dress code will improve their image nevertheless it’s safer to try than simply getting personal loans. Article source – UBS dress code: dull Swiss bank conformity in excruciating detail by MoneyBlogNewz

UBS dress rule: camouflage for bankers

There’s a brand new dress code that can be seen at UBS. It looks like a prep school outfit with some fashion. Conformity that covers up is what is being done with the outfits. They are meant to blend to the surroundings. The UBS outfit rule comes on the heels of an advertising campaign reaching out to clients who were burned by UBS, the world’s largest private bank, during the financial crisis. You will find tests in Switzerland for the new style. Five branches are doing it. A change in business, for the good, will make the UBS dress rule permanent. All Swiss UBS branches could be enforced in it.

UBS altering outfit to hopefully fare better

Dark suits for men and neutral outfits for women are what the UBS dress code looks like, just like generic lenders ought to. Short skirts that are too tight are a no-no. Neither men or women can wear flashy jewelry. That means male earrings aren't going to happen. It is the Swiss though, which we must not forget. That means a wristwatch will still be there. Each and every four weeks, men will get haircuts while it is not okay for Grecian Formula. Foundation, mascara and "discreet" lipstick are all that women are allowed to wear for makeup. It’s not okay to wear soft fragrances, have garlic breath, have nail art, have trendy eyewear or even to wear cartoon socks. Washing and ironing your own shirts is unacceptable. It must be done properly.

UBS requires a lot more than an outfit rule

In 2007, the financial meltdown hit. At that time, UBS had to cut 11,000 jobs and wrote about $50 billion in mortgage related assets down. UBS was also involved in an investigation. This would have been for United States tax evasion. More losses were reported than any other bank in Europe by UBS during the economic crisis, totaling $57.3 billion. Many of the top executives left the financial institution. Clients went with them too. UBS CEO Oswald J. Grubel has been pleading with investors personally to keep them from defecting. He claims to have been successful. It should have been his properly-knotted tie.

Details from

Wall Street Journal

online.wsj.com/article/SB10001424052748704694004576019783931381042.html?mod=googlenews_wsj

Business Insider

businessinsider.com/ubs-dresscode-clothes-bank-2010-12#

New York Times

nytimes.com/2010/02/10/business/global/10ubs.html