UBS AG Lays Off 35 Senior Bankers-Reuters

Friday, 1 Mar 2013 06:29pm EST 

Reuters reported that UBS AG has cut roughly a third of its Americas investment banking and capital markets group, including 35 senior managing directors. A UBS spokeswoman confirmed the layoffs of the managing directors, which occurred in the corporate client solutions group, composed of investment banking, equity capital markets and leverage finance teams. 

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