PowerShares Dynamic Banking Sec (ETF)

  • Leading Swiss Banks Navigate Scandals and Shrinking Business

    By Peter Pham - December 7, 2012 | Tickers: CS, PJB.DL, KBE, UBS

    UBS AG (NYSE: UBS), the largest Swiss lender and one of the world’s leading financial institutions was badly hit by the global financial crisis and its ongoing sequel the European Debt Crisis. In October of this year, the bank had announced plans to eliminate 10,000 jobs and implement aggressive cost cutting measures that will reduce expenses $3.6 billion by 2015. Almost half of the layoffs will happen more »