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UBS Reportedly Plans Additional Job Cuts Following Trading Losses

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September 16, 2011 AT 11:45 AM
Just a day after it announced a huge loss at the hands of a rogue trader, UBS (UBS) is reportedly poised to make major job cuts within its investment bank business. The Swiss newspaper Tages-Anzeiger reports the bank will outline a restructuring as well as thousands of additional job cuts on November 17.