Bank of America

People: UBS to cut 10,000 in investment banking retreat

UBS to chop Sfr90 billion from investment bank RWAs as it refocuses on capital-light businesses; Ivan Ritossa to leave Barclays - Bommensath steps up; Loh Boon Chye lands top Asia-Pacific markets role at BAML; former JP Morgan CRO Zubrow to retire

Risk 25: No more heroes in quantitative finance?

Scientific theories are supposed to be smooth processes, with progress building on progress. But sometimes a theory gets such a shock that it needs to be completely rethought – and quantitative finance is in the middle of such an upheaval

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