Tuesday, August 12, 2008

Embattled UBS Restructures as rich clients flee - Yahoo! News

Embattled UBS restructures as rich clients flee

Well, it's no surprise. When you lose 40 billion dollars in a single quarter, you are in trouble, and UBS is in trouble. Reuters, and CNBC, is reporting that the firm is undergoing a restructuring, with talk of spinning off its investment banking division.
Post a Comment