Executive Moves
UBS closes London-based distressed debt desk
UBS is closing its London-based distressed debt trading desk as the bank winds down its fixed income business as part of a wider plan to cut 10,000 jobs and shrink its investment bank, banking sources said on Thursday. UBS's distressed debt trading desk was responsible for trading leveraged loans and…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Reuters