16-12-2016 05:37 via news.yahoo.com

UBS slashing nearly two dozen jobs in Asia in cost-cutting push - sources

By Sumeet Chatterjee and Fiona Lau HONG KONG (Reuters) - UBS Group AG is cutting nearly two dozen jobs in its Asian investment banking business, mainly in Hong Kong and Singapore, as part of a push to slash costs, people with direct knowledge of the matter said. The Swiss bank joins rivals in making investment banking cost cuts in Asia as deal volume remains sluggish. Wall Street banks are grappling with a harsh environment in Asia as the region's economies and markets have failed to deliver sus
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