Tuesday, October 30, 2012

UBS to slash 10,000 jobs in fixed income exit

UBS unveiled plans to wind down its fixed income business and fire 10,000 bankers in one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008.

http://www.reuters.com/article/2012/10/30/us-ubs-restructure-idUSBRE89S0DM20121030