Up to 30% of jobs to be cut by enlarged UBS, Tages-Anzeiger reports

GENEVA  – The bank created by the UBS takeover of Credit Suisse is poised to reduce its workforce by 20-30 percent, Swiss daily Tages–Anzeiger reported on Sunday, citing an unnamed senior UBS manager. UBS agreed to buy Zurich rival Credit Suisse for 3 billion Swiss francs ($3.3 billion) in a deal engineered by the Swiss government, the central bank and market regulator … Continue reading Up to 30% of jobs to be cut by enlarged UBS, Tages-Anzeiger reports