Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Three Main Street cheers for Wall Street shrinkage Add to ...

Subscribers Only

The financial sector is shrinking. The latest sign is the likely withdrawal of Swiss bank UBS from its fixed income trading business, a decision expected to be announced on Oct. 30. The move would be tough on employees and may be costly for shareholders in the short term. But most of the rest of the world should be glad.

Report Typo/Error

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular