UBS Cutting Investment Bank May Free Investor Cash

UBS Cutting Investment Bank May Free Investor Cash Play

Oct. 29 (Bloomberg) -- UBS AG ’s decision to cut as many as 10,000 jobs and retreat from capital-intensive trading businesses will help position Switzerland’s largest bank to return more funds to shareholders. The revamp stands to help Zurich-based UBS meet capital goals faster than it would otherwise. Bloomberg's Ryan Chilcote reports from London on Bloomberg Television's "The Pulse." (Source: Bloomberg)

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