Another Europe News
UBS investment bank faces uncertain future
Has the final nail been driven into the coffin of the investment arm of Swiss Bank UBS following its 1.4 billion euro rogue trading loss? How will private clients now react having digested the news and what is the future for its senior executives?
There are no answers from UBS, but according to elements in the press and industry insiders, mid-November is when the axe will fall with a major restructuring plan to be announced.
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