UBS may cut 36,000 jobs after Credit Suisse takeover: Report

UBS Group will cut its workforce by between 20% and 30%, or slash as many as 36,000 jobs, after completing its takeover of Credit Suisse, reports said. UBS agreed to buy Zurich rival Credit Suisse for a $3.3-billion deal engineered by the Swiss government. The deal has raised concerns as the merged entity's size could grow to 1,20,000 staff worldwide.

Load More