Wednesday, April 15, 2009

UBS to cut nearly 9000 jobs

UBS faces $1.8 bln loss, will cut nearly 9,000 jobs

LONDON (MarketWatch) -- Shares in Switzerland's UBS fell nearly 9% Wednesday after the struggling bank said it lost nearly 2 billion Swiss francs ($1.8 billion) in the first three months of 2009 as it planned another round of cost cutting and nearly 9,000 job losses.

Posted by doomwatch @ 10:17 AM (666 views)
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