May 16, 2024
Investment

UBS to cut 90 jobs in Asia private wealth and investment banking next month

UBS Group AG is planning to cut about 90 jobs in Asia private wealth and investment banking in March as China’s stock market rout and a slump in dealmaking have eroded revenue, people familiar with the matter said as quoted by Bloomberg. The Zurich-based lender is weighing a plan to cut about 70 jobs at

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