SPDR KBW Bank (ETF)
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 »
In an ironic paradox, a host of firms could post fresh “losses” as a result of fresh tax cuts.
Yes, you read that correctly.
During October’s presidential debates, President Obama announced that he wants to trim more »