FILE - In this March 12, 2008 file photo dark clouds hang above the logo of the UBS in Zurich, Switzerland. Swiss banking giant UBS AG announced massive layoffs Tuesday, Oct. 30, 2012, along with huge losses in its third-quarter results, saying it aims to trim as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank. (AP Photo/Keystone, Alessandro Della Bella, File)

Associated Press
FILE - In this March 12, 2008 file photo dark clouds hang above the logo of the UBS in Zurich, Switzerland. Swiss banking giant UBS AG announced massive layoffs Tuesday, Oct. 30, 2012, along with huge losses in its third-quarter results, saying it aims to trim as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank. (AP Photo/Keystone, Alessandro Della Bella, File)
FILE - In this March 12, 2008 file photo dark clouds hang above the logo of the UBS in Zurich, Switzerland. Swiss banking giant UBS AG announced massive layoffs Tuesday, Oct. 30, 2012, along with huge losses in its third-quarter results, saying it aims to trim as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank. (AP Photo/Keystone, Alessandro Della Bella, File)
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