Deals
UBS Is Said to Plan 90 Jobs Cuts at Investment Bank
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UBS AG, Switzerland’s biggest bank, plans to cut about 80 to 90 jobs in its European investment-banking division as part of a global revamp, according to two people familiar with the matter.
The cutbacks, which are likely to take place before year-end, would amount to about 17 percent of staff within the region’s investment-banking division and include junior and senior bankers, said the people, who asked not to be identified because the plans are private. The division includes merger advisory and equity and debt capital markets.