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UBS to slash 2,500 Swiss jobs

This content was published on Apr 15, 2009 UBS, which made a loss of SFr20.9 billion in 2008, also estimates it will report a loss of almost SFr2 billion ($1.75 billion) in the first quarter of 2009, a company statement said. “Despite some initial positive signs, UBS will close the first quarter with an overall outflow of net new money,” the bank said.…