UBS lays off six private bankers in Singapore: sources

Reuters, 23 Mar 2009, Jan Dahinten and Saeed Azhar
SINGAPORE (Reuters) - UBS (UBSN.VX), the world's biggest wealth manager, has laid off a team of six private bankers in Singapore who were managing wealth for Turkish clients, sources told Reuters on Monday.
The team was managing clients' assets worth between $200 million to $300 million and was hired from Swiss rival Credit Suisse (CSGN.VX) two years ago, a source briefed on the situation told Reuters.
Read More