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FT: UBS to Cut 10K Jobs
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FBN’s Robert Gray on reports UBS may cut as many as 10,000 jobs.
- Duration 0:47
- Date Oct 26, 2012
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Transcript
This transcript is automatically generated
-- you're Fox Business three stocks trading higher after -- much of the day swinging between gains and losses right now the Dow is up.
28 points modest gains across the board.
For the job cuts at UBS may be deeper than first off the Financial Times reports as many as 101000.
Employees at the Swiss bank may lose their jobs.
It's anticipated at UBS will make the official announcement next Tuesday.
The job cuts would amount to nearly -- sixth of the bank's total workforce.
And -- Manhattan US attorney's office is charging an online businessman with a multi billion dollar scheme to defraud FaceBook and as chief executive Mark Zuckerberg.
The complaint alleges policy -- a filed a federal lawsuit falsely claiming to have been promised a 50% share in the company.
He's charged the doctoring and then destroying evidence to support --
