Painewebber Quotes

UBS gets one of the top-flight U.S. high net worth distribution systems. PaineWebber gets a global platform, by which it can continue to pursue its high net worth retail business. - Amy Butte

This doesn't make them a Merrill Lynch in the U.S. - the main difference is that PaineWebber doesn't have an investment bank... But this brings in the wealthy client. - John Leonard

Strategically, it's been very, very difficult for PaineWebber to gain or maintain share in anything other than its main retail business... What they probably hope is by getting together with a more global firm that they can turn that around. - Guy Moszkowski

I think the impetus of the Chase-J.P Morgan merger is that everybody's getting bigger and bigger in this group. You saw the acquisition of PaineWebber and then DLJ, and really the playing field gets that much smaller. There's only three targets left out there and J.P. Morgan represents the best of that bunch. - Andy Collins