UBS slashes jobs, quits fixed income business
- 11 years ago
UBS is firing ten thousand people.
Their jobs will go as the boss of the Zurich-based Swiss bank, Sergio Ermotti said it was a hard decision but "necessary to create a UBS that is fit for the future".
The bank is ditching much of the trading business that cost it close to 40 billion euros in losses during the financial crisis.
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http://www.euronews.net/
Their jobs will go as the boss of the Zurich-based Swiss bank, Sergio Ermotti said it was a hard decision but "necessary to create a UBS that is fit for the future".
The bank is ditching much of the trading business that cost it close to 40 billion euros in losses during the financial crisis.
...
http://www.euronews.net/