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BlackRock is one of the world's leading providers of investment, advisory and risk management solutions.

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Another Top Firm Restructures Following Subprime Losses

The Financial Times reports that UBS is to 'shake up' its investment bank by halving the number of staff who work in the unit's real estate and securitization businesses. The firm is also said to be pulling out of fixed-income prop trading in the US and combining its global debt and equity operations too.

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