For UBS and Citi, it's crunch time: Swiss bank's new chief quickly cleans house; investment bank tumult
Article Abstract:
Chief Executive Marcel Rohner of Swiss bank UBS AG has announced a restructuring plan that involves cutting an investment-banking unit's assets by almost a third. The process will also entail the elimination of some 1,500 jobs. The announcement comes after reporting a third-quarter loss of up to 800 mil Swiss francs and a 400 mil-Swiss franc write-down.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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SCH will liquidate investment vehicle
Article Abstract:
Santander Central Hispano S.A. announced that it will terminate its Somaen Dos SL investment vehicle. Somaen holds SCH's minority share in Cia. Espanola de Petroleos S.A.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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TNT will sell logistics unit
Article Abstract:
Express delivery service company TNT is selling its logistics division to Apollo Management L.P. for $1.89 billion, in order to focus on its delivery business.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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