Wealth and Asset Management
European Bank Job ‘Bloodbath’ Surpasses 40,000
UBS AG (UBSN)’s decision to cut 5 percent of its workforce brings to more than 40,000 the number of jobs cut by European banks in the past month as the region’s worsening sovereign debt crisis crimps trading revenue. UBS, Switzerland’s biggest bank, said yesterday it will eliminate 3,500 jobs, mainly…
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Click here to read the full story: Bloomberg