Economic news

UBS sees around 3,000 redundancies integrating Credit Suisse in Switzerland – CEO

08/31/2023
Less than a minute

2023.08.31 05:05


© Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen at an office building in Zurich, Switzerland October 25, 2022. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) – UBS expects around 1,000 jobs to go from integrating Credit Suisse’s Swiss business, Credit Suisse (Schweiz), and an additional 2,000 redundancies in Switzerland over the next couple years, Chief Executive Sergio Ermotti said on Thursday.

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08/31/2023
Less than a minute

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