GLOBAL - UBS is set to cut nearly 9,000 jobs globally following heavy first quarter losses, but Global Pensions understands the 11% cut in global workforce will leave the asset management division unscathed.
The firm today announced estimated losses attributable to shareholders of almost CHF2bn (US$1.75bn) in the first quarter of 2009. In a speech at the company's annual general meeting, UBS chief...
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