Ermotti, CEO of Swiss bank UBS, gives a news conference in Zurich

 
Ermotti, CEO of Swiss bank UBS, gives a news conference in Zurich
Sergio Ermotti, CEO of Swiss bank UBS, gives a news conference in Zurich October 30, 2012. UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit since the financial crisis. REUTERS/Arnd Wiegmann