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You're next, says UBS Chairman Axel Weber to competitors angling for more business as UBS plans...
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Wednesday, October 31, 2012, 10:50 AM ETYou're next, says UBS Chairman Axel Weber to competitors angling for more business as UBS plans to axe 10K jobs from its investment banking unit (and eliminate fixed-income altogether). "I suspect that many banks have not yet really understood ... the consequences of the new capital rules." Among those eyeing a big meal who instead may end up on the menu: Barclays (BCS) and Deutsche Bank (DB).
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