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Moscow Traffic

UBS said to scale back wealth management in Moscow

UBS plans to scale back its wealth-management activities in Moscow that serve clients who deposit their funds offshore as the bank streamlines operations in some emerging markets, according to two people with knowledge of the decision.

Axe In Wood

Goldman Sacks ?

Goldman Sachs is reducing the size of its investment-banking team in Singapore by about 30% compared with the start of the year, people with knowledge of the matter said.