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Old 18.11.2011, 12:31
Nyonais Nyonais is offline
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Re: UBS shrinks investment bank, halves risky assets

Here we go again......"The investment bank will be "more focused and less complex," UBS said on Thursday, while revealing that the number of people it employs was expected to drop from 18,000 to 16,000 by the end of 2016.

This means 400 to 500 more staff will go on top of the 3,500 cuts announced across the bank in August, a spokesman said"

Thankfully, the time horizon of 4 years will at least make it somewhat easier as people may start looking for alternatives already...
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