Reuters

UBS to cut 10,000 jobs in fixed income retreat

Share Slideshow

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

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
Close
1 / 9

A display at a branch office of Swiss bank UBS shows the UBS shares topping a list of stock prices 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

A display at a branch office of Swiss bank UBS shows the UBS shares topping a list of stock prices 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
Close
2 / 9

The logo of Swiss bank UBS is seen at the company's office on Bahnhofstrasse in Zurich, in this file picture taken August 10, 2012. UBS is expected to reveal plans on October 30, 2012 to wind down its fixed income business and fire 10,000 bankers, with shareholders cheering one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008. REUTERS/Arnd Wiegmann/Files

The logo of Swiss bank UBS is seen at the company's office on Bahnhofstrasse in Zurich, in this file picture taken August 10, 2012. UBS is expected to reveal plans on October 30, 2012 to wind down its fixed income business and fire 10,000 bankers, with shareholders cheering one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008. REUTERS/Arnd Wiegmann/Files
Close
3 / 9

Sergio Ermotti, CEO of Swiss bank UBS, gestures during a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann

Sergio Ermotti, CEO of Swiss bank UBS, gestures during a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann
Close
4 / 9

Sergio Ermotti, CEO of Swiss bank UBS, gives a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann

Sergio Ermotti, CEO of Swiss bank UBS, gives a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann
Close
5 / 9

Sergio Ermotti, CEO of Swiss bank UBS, addresses a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann

Sergio Ermotti, CEO of Swiss bank UBS, addresses a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann
Close
6 / 9

Sergio Ermotti, CEO of Swiss bank UBS, gestures during a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann

Sergio Ermotti, CEO of Swiss bank UBS, gestures during a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann
Close
7 / 9

Sergio Ermotti, CEO of Swiss bank UBS, gestures during a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann

Sergio Ermotti, CEO of Swiss bank UBS, gestures during a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann
Close
8 / 9
Advertisement
Skip ad
3

A display at a branch office of Swiss bank UBS shows the UBS shares topping a list of stock prices 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

A display at a branch office of Swiss bank UBS shows the UBS shares topping a list of stock prices 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
Close
9 / 9

All Collections

The stories of 2014

Wednesday, December 24, 2014

All Collections

End of a coal mine

Tuesday, December 23, 2014

All Collections

Siege of Sinjar broken

Tuesday, December 23, 2014

All Collections

Pictures of the year: Odd

Tuesday, December 23, 2014

All Collections

Embedded in Afghanistan

Tuesday, December 23, 2014

All Collections

Tsunami's unclaimed possessions

Tuesday, December 23, 2014

All Collections

The Syrian front

Monday, December 22, 2014

All Collections

The year in concert

Monday, December 22, 2014