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UBS set to wind down debt trading business, say reports

Monday, October 29, 2012

UBS edges wider this morning as it looks set to cut up to 10,000 jobs and wind down debt trading business

Comment by: Anonymous. Posted 11 years ago [2012-10-29 20:41:09]

I've heard of creating a "bad bank" by segregating distressed assets into a separate, wind-down unit. UBS seems to have invented the "bad trading desk".

Funds

Debtwire FY23 US Direct Lender Rankings 4 days ago
AXA wins USD 400m for SRT strategy from US pension fund 4 days ago
Blue Owl brings sovereign wealth fund deputy CIO onboard 4 days ago
Australian private credit fund-of-funds launched for retail investors 5 days ago
New Mexico pension system approves USD 150m top-up to distressed debt fund 5 days ago

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