Swiss bank UBS merges its investment units

UBS is merging its currency, interest rate and credit trading business units into one group, reports the New York Times.

By Staff | November 29, 2013 | Last updated on November 29, 2013
1 min read

UBS is merging its currency, interest rate and credit trading business units into one group, reports the New York Times.

Read: Wealthy bankers learning to pare expenses

The bank has been trying to downsize its investment arm and expand its wealth management and retail operations.

Last year, UBS cut 10,000 jobs, says NYT.

Read more here.

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Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

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