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Wall Street in for bigger job cuts: analyst

Banking analyst Meredith Whitney says she doesn’t see opportunities for banks to improve return on equity through increased revenue alone, making cost-cutting inevitable, including more job cuts – probably to the tune of 50,000 positions to bring headcounts in line with revenue ...

UBS Thai banker joins Deutsche amid talent war

Ex-UBS investment banking veteran Phumchai Kambhato to take dual role at Deutsche Bank as head of corporate banking and securities as well as head of corporate finance for Thailand, marking the second major departure from UBS Southeast Asian investment banking business ...

Evercore hires Magnus from UBS for Singapore

US investment bank Evercore Partners appoints Keith Magnus – former chairman and head of UBS investment banking Singapore and Malaysia – as senior managing director to set up its Singapore office, its second in Asia after Hong Kong ...