You're next, says UBS Chairman Axel Weber to competitors angling for more business as UBS plans...

|About: UBS Group AG (UBS)|By:, SA News Editor
You'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).