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Article: Daily News, New York, Wall Street Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- March 7, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Judith Schoolman, Daily News, New York Knight Ridder/Tribune Business News
Mar. 7--In further signs that employment on Wall Street is as volatile as the stock markets, financial giant Citigroup is expected to trim up to $2 billion in costs -- including possible job cuts -- while UBS Warburg said it plans to increase its staff.
UBS, the U.S. unit of the Swiss bank that recently acquired PaineWebber, said it plans to increase the number of investment bankers by 150, or 23 percent , to 800 as it expands in New York.
"We believe by making some key hires, we can retain our culture and grow a top-five firm," Robert Holt, head U.S. corporate ...