UBS is cutting jobs at its asset management arm as it increases its focus on growth in China and passive investing, according to Bloomberg.
The Swiss bank is said to have cut at least 100 positions at its asset management unit in areas such as distribution over recent months. Around 30 of these losses took place in the US. According to...
Japanese stocks have more than doubled their returns since December 2012, on the back of Abenomics, but many investors are still not convinced of the sustainability of the rally.
Shares up 15% on Friday