The Swiss bank cut positions serving the lender’s wealth, asset management and investment banking activities.
All of Europe's investment banks are dealing with one of the worst market environments in recent history.
UBS is the world’s biggest wealth manager, but its American wealth operations are smaller than rivals.
Managing money for the wealthy hasn't been so easy for banks lately.
Clients removed $5 billion from asset management alone.
The dismissals could start as soon as this year and help the bank achieve its 2019 cost targets, sources said.
Switzerland’s largest lender is facing a lawsuit by the U.S. that accuses it of fueling the 2008 financial crisis.
Targets may include U.K. and U.S. asset managers focused on retail clients and specialized asset managers.
As other European banks faltered, UBS found success tilting towards wealth management, but it may not be enough for investors.
Private bankers generally charge one in three customers fees that are below what they could be, a new report says.
Please log back in before proceeding.
There was an error logging in. Please try again.
Congrats! You are now logged in. Your exam is being submitted.
