UBS to cut 700 jobs across wealth unit, investment bank
Over the next three years, the positions are expected to be eliminated in Switzerland alone, with the bulk at the corporate cost center and about 200 between wealth management and the bank’s Swiss unit for personal and corporate banking.
UBS Group AG has started a broad round of job cuts across its largest divisions as part of a restructuring plan intended to save the bank $1 billion over the next three years.
The reductions are taking place in the investment bank, wealth management unit and Swiss business, ranging from managing
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