UBS Confirms 10,000 Job Cuts

UBS AG, Switzerland’s biggest bank, will cut about 10,000 jobs and retreat from capital-intensive trading businesses at the investment bank to boost profitability.

Full Show: What'd You Miss? (05/27)
25:16 - Full episode of "What'd You Miss?" Guests include: Frederik Nerbrand, HSBC's head of asset allocation, Stanley Altshuller, Novus co-founder, and Michael Blythe, Commonwealth Bank of Australia's chief economist. (Source: Bloomberg)
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