UBS Plans to Cut up to 10000 Jobs
Saturday, October 27, 2012 4:43Posted in category Banking and Finance
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UBS, which is the biggest bank by assets in Switzerland, will unveil a split of its struggling investment bank in the coming week in a move that will prompt the loss of up to 10000 jobs across the entire banking group.
The Swiss banking group will bring large parts of its fixed income trading business into a non-core unit, leaving a reduced investment bank with roles on equities trading, foreign exchange as well as advisory.
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