Swiss-based UBS AG, confirmed Tuesday it would shed about 10,000 jobs between now and 2015 with much of those reductions coming in its fixed income business.
The bank said in a press release it would concentrate on its investment banking division.
Gov. Dannel Malloy’s office told Hearst Media Connecticut that UBS had said it would honor its commitments under a contract with the state to keep 2,000 employees in Stamford in exchange for a $20 billion forgivable loan.
The City of Stamford’s economic development office also said Wednesday morning, UBS had not contacted it regarding impacts on Stamford employment.