UBS backs out of South African investment banking operations.
BANKING AND CREDIT NEWS-December 10, 2021--UBS backs out of South African investment banking operations
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Global Banking News - 10 December 2021
Swiss-based banking company UBS Group AG (NYSE: UBS) has withdrawn itself from South African investment-banking operations, according to Bloomberg.
The move comes after the bank laid off most of its dealmakers in the country. The firm is aiming to focus on key corporate clients in the region out of London. The bank added that South Africa is an important market for it and that it will...
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