# Professor Lawrence White weighs in on the future trajectory of UBS amid the coronavirus crisis

1 Faculty News May 11, 2020 ![The Hour Logo 190 x 145](/sites/default/files/styles/246w/public/assets/images/The%20Hour%20Logo%20190%20x%20145.jpg?itok=5NiwiSTP)>

Excerpt from [The Hour News](https://www.ctinsider.com/business/thehour/article/UBS-continues-to-drop-jobs-in-the-state-15262100.php?src=nwkprembiz) -- “'Until we come out of this economic decline, there’s going to be less need for investment banking,' said [Lawrence J. White](https://www.stern.nyu.edu/faculty/bio/lawrence-white), an economics professor at New York University. 'I think the net effect is going to be adverse to UBS here in in the United States.'”

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