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In October 2006, Yale University student Aleksey Vayner applied for a job with UBS, an investment bank.Amused by Vayner's apparent puffery, an unknown member of UBS staff emailed his application materials to other investment banks.
After the elimination of almost 5,000 jobs, UBS announced on 23 August 2011 that it was further cutting another 3,500 positions to "improve operating efficiency" and save CHF 1.5 to CHF 2 billion a year. 45 percent of the job cuts would come from the investment banking unit, which continued to post dismal figures since the 2008 financial crisis ...
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UBS also entered the life insurance business in 1993 establishing UBS Life. UBS formed a joint venture with Swiss Life in 1995, known as UBS Swiss Life. UBS took a 25% ownership position in Swiss Life in exchange for a 50% share in the joint venture. [5] UBS entered the 1990s clearly the largest and most conservative of the three large Swiss Banks.
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Swiss bank UBS is laying off 51 employees at its Weehawken office. Five other financial institutions announced New Jersey layoffs so far in 2024 UBS latest bank to announce NJ job cuts as finance ...