Top Financial Developments: UBS and Deloitte's Strategic Shifts

The Financial Times highlights key financial news: UBS's executive steps down amidst Greensill debt recovery efforts, Deloitte UK partners continue hefty earnings despite a slowdown, and Rachel Reeves plans to engage with EU finance ministers on various economic policies.

The Financial Times reports significant movements in the financial sector. UBS's executive spearheading the recovery of billions lent by Greensill Capital has left the bank, signaling potential challenges ahead.

Meanwhile, Deloitte UK partners have maintained an impressive average payout of 1 million pounds each, even as the firm faces slower revenue growth due to reduced demand for advisory services.

Additionally, UK Chancellor Rachel Reeves is preparing to attend a meeting with EU finance ministers, aiming to foster stronger economic ties between the UK and the European Union.

(With inputs from agencies.)