UBS Cost Cutting Measures Target Managers, Recruits

UBS Group will look to eliminate management positions in its U.S. wealth unit and reduce recruitment of financial advisors from competitors as part of the firm's on-going cost cutting efforts. Bloomberg's Peggy Collins reports on "Bloomberg ‹GO›." (Source: Bloomberg)

Citi Plans to Hire 100 Wealth Advisors in Australia
19:10 - Citigroup is planning to hire 100 wealth advisers in Australia over the next three years as it seeks to triple its number of wealthy customers in the nation. Citi Australia Head of Banking and Wealth Management Distribution David Zammit speaks on "Bloomberg Daybreak: Australia." (Source: Bloomberg)
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