UBS Plans Next Round of Layoffs in Credit Suisse Integration
- Cuts expected in banking, markets and wealth management
- Swiss bank has said it aims to save billions in staff costs
UBS Group AG is planning another round of job cuts as the firm continues to trim headcount following its rescue of Credit Suisse, according to people with knowledge of the matter.
The job cuts are expected to affect more than a hundred positions across the firm’s global investment bank, the people said, asking not to be identified discussing private information. The reduction in force — which goes beyond a routine pruning of underperformers — is scheduled to take place in the coming weeks, they said.