09/23/2011

Private banks seek to tie in loan clients

Private banks are tightening their lending criteria for large mortgages, insisting that clients invest cash with them in return for a loan, or to get the best rates.

09/23/2011

UBS cutting up to 10 percent of advisory arm

UBS is cutting back its investment banking division (IBD) representing between 5 and 10 percent of the jobs within the Swiss bank's advisory arm, several UBS bankers said.