A UBS Warburg spokesman confirmed today that the investment bank is trimming the payroll in London. However, he denied reports that 75 corporate financiers and 25 junior bankers will be axed. The correct figure is 55 people out of the 800 currently employed by the Swiss-owned investment bank in London, or much less than the one-in-ten reported in the financial press earlier today.
UBS Warburg Confirms 55 Jobs Will Go
A UBS Warburg spokesman confirmed today that the investment bank is trimming the payroll in London. However, he denied reports that 75 corporate financiers and 25 junior bankers will be axed. The correct figure is 55 people out of the