UBS to exit Municipal Finance....
From The Wall Street Journal:
"newer areas that UBS has only recently entered, such as commodities, will see modest cuts, investment-banking chief Jerker Johansson said. Mr. Johansson also confirmed the bank's plans to shut its municipal-finance business if it fails to find a buyer."
Any news on the exit/ proposed sale? Are the '08 analysts (Munis) screwed completely?