The first of many?

UBS, which has had a terrible past five years, is getting out of many of its investment banking businesses, particularly trading.  The bank plans to get out of perhaps as many as fifteen lines of business.  This would likely result in about 10,000 people losing their jobs. "It represents a recognition that the firm can no longer try to be all things to all people, one of the people said."

Who will be the next one to smarten up?