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S U B S C R I B E
Wednesday, 31 October, 2012
UBS job cuts 'more than everybody thought'
Ten thousand jobs will be shed over three years at UBS. The banking giant announced a massive restructuring which will focus almost exclusively on downsizing the investment bank. It will cost Switzerland 2,500 jobs while the rest are likely to be in the U.S. and the UK. The figures have shocked even the most gloomy analysts. But what are the implications for Swiss banking as a whole? Economist and journalist Beat Kappeler talks to WRS’s Dave Goodman:
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