Ubs investment bank layoffs

UBS Group AG has cut about two dozen jobs in Europe over the last two weeks as Chief Executive Officer Sergio Ermotti restructures the investment bank after a poor performance this year. UBS’s investment bank already has been hit by over $37 billion in write-downs related to subprime mortgages. Despite the downturn, UBS is still one of the more consistently profitable banks in Europe, reporting a return on equity of 10.8 per cent last year, outstripping its main rivals Barclays, Deutsche Bank, Credit Suisse and BNP Paribas.

9 Sep 2019 UBS Group AG Chief Executive Officer Sergio Ermotti Presents Full Year Earnings Labor Day has come and gone, yet investment banking's summer of Swiss bank is now reportedly considering hundreds of layoffs and a  21 Oct 2019 Global banks including UBS, Citigroup, Deutsche Bank and HSBC are cutting staff to rein in costs as the industry deals with difficult trading  30 Oct 2012 Swiss banking giant UBS posted huge 3Q losses, aims to shrink ailing investment bank. 14 Apr 2019 Investment-bank UBS' Stamford offices are located at 600 Washington Since June 2018, RBS has not reported any mass layoffs to the state's 

UBS provides investment banking, asset and wealth management services for private and corporate clients as well as institutions. The bank also has a retail 

18 Jan 2013 October 30 would become a horrific day for the financial district after the Swiss bank UBS announced that it was slashing 10,000 jobs in the sector  Investment banking is seeing its historical profit centers eroded by technology and to widespread layoffs as banks have figured out they can do more with less. non-UBS clients, bringing it into competition with independent research firms. 8 Jan 2020 UBS, the Swiss multinational investment bank, is rearranging its wealth management business across Europe, Middle East and Africa regions  UBS provides investment banking, asset and wealth management services for private and corporate clients as well as institutions. The bank also has a retail chain operating in Switzerland. UBS operates in over 50 countries with about more than 60,000 employees globally (2012). UBS Group AG has cut about two dozen jobs in Europe over the last two weeks as Chief Executive Officer Sergio Ermotti restructures the investment bank after a poor performance this year.

15 Jan 2020 The follows thousands of investment banking dismissals over the past decade as UBS pivoted toward private banking. As part of the changes, 

16 Jul 2019 A number of banks are doomed to fail if they don't adapt to the new realities of the in the financial industry in general, and in investment banking especially. READ: Deutsche Bank CEO blasts execs over suit fitting on day of layoffs Banks like UBS, Crédit Agricole and BNP-Paribas have already gone  18 Jan 2013 October 30 would become a horrific day for the financial district after the Swiss bank UBS announced that it was slashing 10,000 jobs in the sector  Investment banking is seeing its historical profit centers eroded by technology and to widespread layoffs as banks have figured out they can do more with less. non-UBS clients, bringing it into competition with independent research firms. 8 Jan 2020 UBS, the Swiss multinational investment bank, is rearranging its wealth management business across Europe, Middle East and Africa regions  UBS provides investment banking, asset and wealth management services for private and corporate clients as well as institutions. The bank also has a retail chain operating in Switzerland. UBS operates in over 50 countries with about more than 60,000 employees globally (2012).

10 Aug 2019 Almost a year after taking over at UBS Group AG's investment bank, coheads Piero Novelli and Rob Karofsky are working on their first shake-up 

8 Jan 2020 UBS Group (UBS) to cut jobs in the private banking business in order to reduce costs and restructure businesses. 9 Sep 2019 UBS Group AG Chief Executive Officer Sergio Ermotti Presents Full Year Earnings Labor Day has come and gone, yet investment banking's summer of Swiss bank is now reportedly considering hundreds of layoffs and a  21 Oct 2019 Global banks including UBS, Citigroup, Deutsche Bank and HSBC are cutting staff to rein in costs as the industry deals with difficult trading 

4907 UBS reviews. A free inside look at company reviews and salaries posted anonymously by employees.

25 Oct 2019 UBS CEO Ermotti Says Investment Banking Job Losses Won't Be Layoffs also began in New York several weeks ago, the people said.

21 Oct 2019 Global banks including UBS, Citigroup, Deutsche Bank and HSBC are cutting staff to rein in costs as the industry deals with difficult trading  30 Oct 2012 Swiss banking giant UBS posted huge 3Q losses, aims to shrink ailing investment bank. 14 Apr 2019 Investment-bank UBS' Stamford offices are located at 600 Washington Since June 2018, RBS has not reported any mass layoffs to the state's  31 Oct 2012 Up to 100 UBS bankers were shut out of their City of London offices on Tuesday, after the Swiss investment bank enacted its ruthless cull of  9 Sep 2019 Investment-banking revenues had their worst first half since 2006, according to a … A wave of layoffs looms for Wall Street and have fewer problems than Deutsche Bank or UBS and their never-ending restructuring.