UBS gets a brief pop on headlines from its investor day saying the bank plans to significantly...

|About: UBS Group AG (UBS)|By:, SA News Editor
UBS gets a brief pop on headlines from its investor day saying the bank plans to significantly downsize several businesses in the investment bank, including eliminating prop trading, and cutting staff to 16.5K by the end of 2013 from 18K now. New CEO Ermotti is also proposing a CHF 0.10/share dividend. Shares +0.4%. Watch live here.