Switzerland based bank, UBS AG, is set to cut its workforce by 16% according to a source. UBS currently employs about 60,000 people around the world. This is set to be one of the biggest blows in the banking industry’s history. Click below for more info. Funk Flex
World’s Richest Man Loses $6.5 Billion In One Week
A crash at major stock markets of the world has re-occurred, which resulted in loosing billions by the investors within weeks including the Mexican telecom tycoon Carlos Slim who lost approximately $6.7 billion in a single week. Hit the jump to read the rest of the of the story. Funk Flex
