BGN Entrepreneur

The Swiss group–UBS, which is among the banks hit the hardest by the financial crisis, announced that it would eliminate SFr1.5bn- SFr2.0bn in costs over the next 3 years and was likely to charge for “significant restructuring” in the coming months.
Facing a weaker-than-expected economic recovery and a more regulated environment for banking groups, UBS is [...]

An increase in revenues in investment banking and £6.3bn gain from the sale of the fund management arm rescued Barclays from a decline in revenues in 2009. Had it not been for the sale of Barclays Global Investors, the Bank would have a decline of 13%in its 2009 profit.
And an 89pc rise in profit for [...]

British banks saved by the taxpayers face a day of reckoning today, with plans to break up the RBS and Llyods Banking Group set to be revealed.
The duo are under orders from the European Commission to sell off parts of their business to ensure there is enough competition for customers in the market. It is [...]