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UBS tightens investment banking belt as earnings slide continues

Tuesday, October 22, 2019 - 01:54

Swiss bank UBS is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and put the group's 2019 profit goals further out of reach. Francis Maguire reports.

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Swiss bank UBS is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and put the group's 2019 profit goals further out of reach. Francis Maguire reports.

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UBS tightens investment banking belt as earnings slide continues

Tuesday, October 22, 2019 - 01:54