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UBS Weighs Cost Cuts at Asset-Management Unit, Reuters Reports

Provided by Dow Jones

May 3, 2024 6:42am

--UBS Group is weighing an overhaul of its asset-management division to cut costs, Reuters reports, citing unnamed sources.

--The Swiss banking giant is seeking cost cuts of several hundred million dollars in the business, Reuters reports.

--UBS didn't respond to a request for comment.

Full story: https://shorturl.at/gNPUX

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

May 03, 2024 02:42 ET (06:42 GMT)

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