UBS: job cuts in investment banking as focus shifts to wealth mgmt.

18th November 2011, Comments 0 comments ZURICH, SWITZERLAND - Switzerland’s largest bank, UBS, said Thursday 17 November that it will strip down its investment banking business and reduce its risks to concentrate on global wealth management and its private banking business in Switzerland. The restructuring was detailed at an investors conference in New York, with new chief executive Sergio Ermotti giving [...]

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