BlackRock
May 6, 2008
UBS to cut 5,500 jobs, sell $15 bln portfolio to BlackRock
“UBS expects this difficult environment to remain and be characterized by a continuing unfavorable global economic climate, de-leveraging by institutional and private investors, slower wealth creation and lower trading and capital market activity”
Troubled Swiss banking group UBS said Tuesday that it plans to cut 5,500 jobs and sell a $15 billion chunk of its risky mortgage assets to BlackRock Inc. via MarketWatch
Comments
Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.
| Topic | Updated | Last By | Comments |
|---|---|---|---|
| Journalist Nuala O'Faolin dies aged 66 | Jul 13 | Pauline Craw... | 1 |
| UCLA's Anderson School gets $10 million gift | May '08 | fred | 3 |
| Waxman Asks Federal Reserve for More Details on... | Apr '08 | test | 1 |
| JPMorgan sweetens Bear Stearns offer | Mar '08 | Bergermeister | 1 |
| Governments withdraw $1.2B from fund (from Dec '07) | Dec '07 | Scott | 2 |
| Local governments continue investment withdrawa... (from Dec '07) | Dec '07 | Jimmy | 3 |
| Governments withdraw $1.2B from fund (from Dec '07) | Dec '07 | Jane | 1 |
Most Popular
