Local: Los Angeles, CA  (change)

 | 

Join the Topix community today: 

Sign Up

 | 

Sign In

Advertisment
Stamford, CT

May 6, 2008

UBS to cut 5,500 jobs after big losses

“While our exposure is still subject to swings in market conditions, we see market demand for these securities returning in certain areas and at the current level of valuations.”

ZURICH, Switzerland - Swiss bank UBS AG announced today it would cut 5,500 jobs and reported a net loss of 11.5 billion Swiss francs for the first quarter of this year. via Journal News

Leave a Comment

Comments

Type in your comments to post to the forum
Name
(appears on your post)
Comments
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Stamford Discussions
Topic Updated Last By Comments
Elementary school redistrict plans unveiled 7 min KAL 195
Troopers arrest 26 at DUI checkpoints 1 hr GHST 103
3 men stabbed in fight Fri Whatever 82
Pair charged with Manhattan murder waive extrad... Fri Southfield 5
Antares turns over projects - Greenwich Time Fri Vox Pop 14
7-month narcotics probe leads to arrests Fri Madmanmike 14
Redding police make DUI arrests Fri Danbury 9