UBS plans to cut 10000 jobs as it reorganizes investment unit

UBS plans to cut 10000 jobs as it reorganizes investment unit

By Anna Domanska - Oct 30, 2012

On the 30th of October, UBS AG informed that it planned to cut as many as 10,000 jobs, or about 15 percent of its workforce. The announced job cuts at UBS are part of the key overh

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UBS takes a $2 billion Hit due to Rogue Trader: Kweku Adoboli Charged

UBS takes a $2 billion Hit due to Rogue Trader: Kweku Adoboli Charged

By Jay Raol - Sep 16, 2011

Switzerland’s largest bank, UBS AG, declared having been hit by $2 billion in losses because of a unauthorized trading carried out by a rogue trader, as a result of which, the ba

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