UBS IB spends $80m on restructuring the workforce

Jasper Cox

January 21, 2020 04:30 pm

UBS_PA_575x375_21Jan2020 — An outside view of the UBS headquarters, Bahnfofstrasse in Zurich, Switzerland on October 28, 2019. A financial advisor who claimed she was subjected to gender discrimination and retaliation by UBS Financial Services and its market manager in Boston, James E. Ducey, has been awarded $1,633,019 following arbitration. Christine Carona was awarded damages, attorneys fees, and costs following a seven-day hearing. Photo by Francois Glories/ABACAPRESS.COM | Glories Francois/ABACA/ABACA/PA Images

UBS’s investment bank spent around $80m from restructuring related to personnel at the end of last year. The Swiss bank has also said it will look into partnerships with other banks for its investment bank.

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Jasper Cox