United States

UBS to cut 10,000 jobs in fixed income retreat


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A man walks past a logo of Swiss bank UBS in Zurich October 30, 2012. Switzerland's biggest bank UBS unveiled plans to wind down its fixed income business and fire 10,000 bankers in one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008. REUTERS/Arnd Wiegmann