UBS Analyst Glenn Schorr Stays Put

UBS

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analyst Glenn Schorr reportedly has changed his mind about resigning to join

Deutsche Bank

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.

According to the

Wall Street Journal

, Schorr, who covers brokerage firms and asset managers, will be staying at UBS after negotiating a deal, citing people familiar with the matter.

Matthew O'Connor, another former UBS analyst who covers bank stocks, moved to Deutsche Bank earlier this year. Veteran bank analyst Mike Mayo left his position at Deutsche Bank in order to join CLSA.

Last week

Reuters

reported that former

Goldman Sachs

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analyst William Tanona, who also covered the large banks, had been hired at a London boutique firm Collins Stewart.