UBS is slashing 40 banking jobs in Asia Pacific to trim cost

UBS is slashing 40 banking jobs in Asia Pacific to trim cost

Pedestrians pass beneath a UBS sign outside a UBS AG bank branch in Zurich, Switzerland, on Thursday, Oct. 23, 2014. Photographer: Gianluca Colla/Bloomberg

UBS Group AG is cutting about 40 jobs in Asia Pacific as part of a global push to trim costs and combine its trading units, according to a person familiar with the matter.

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