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INVESTMENT BANKING'S UNCERTAIN FUTURE The giant Swiss bank UBS is determined to shrink its investment banking operation, The Times's Julia Werdigier reported.
Bank regulators would supervise its banking operation.
No canvassing or phone banking operation".
Yet, the investment banking operation incurs the biggest costs.
He cut jobs and costs and shrank its investment banking operation.
Credit Suisse also has plans to cut about 600 jobs in its investment banking operation.
The results were helped by a better performance of its investment banking operation.
The layoffs will be most pronounced in London, where UBS has a sizable investment banking operation.
UBS said pretax profit at the investment banking operation rose 92 percent, to 977 million francs.
The government's part in the economy is more like a kind of national banking operation.
The new ads barely mention Merrill's investment banking operation or its investment research.
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