UBS Raises Profitability Goal, Cuts 10,000 Jobs

UBS AG, Switzerland’s biggest bank, boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti scale back the investment bank to focus on wealth management.
The Impact of China’s Slowdown on Global Central Banks
42:45 - Barclays Head of European FX Strategy Marvin Barth discusses PMI data coming from China, and the country’s slowdown as it pertains to the Federal Reserve and ECB. He speaks with Francine Lacqua on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)
  • Denmark Still Climate Leader Despite Cuts: Minister
  • Stock Selloff: Fundamentals or Unwinding of Trades?
  • Obama's Climate Change Warning