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UBS said trimming headcount, Morgan Stanley said moving some ops jobs

UBS

UBS said trimming headcount, Morgan Stanley said moving some ops jobs

Trimming some positions, and moving an operation team to improve back-office efficiency’. Bloomberg News reports that UBS is trimming some positions at the investment bank as part of a plan to reduce costs across the business in response to a revenue slump, according to people ...Read More

Wall Street Buzz

The death of investment banking as we know it? Bring it on Oh woe. Investment bank profits are evaporating after a disastrous contraction of trading revenues reflecting zero-to-negative interest rates, weak commodity prices and worries about China and other emerging markets. Not to mention ...Read More
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