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UBS targets cost cuts of $10 billion as it absorbs Credit Suisse

UBS expects to shed around 3,000 jobs in Switzerland as it tries to save $10 billion from a sweeping overhaul of the global banking giant created by its emergency rescue of Credit Suisse earlier this year. ....

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UBS to absorb Credit Suisse's domestic bank, eyes $10bln in cost savings

UBS to absorb Credit Suisse's domestic bank, eyes $10bln in cost savings
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UBS to absorb Credit Suisse's domestic bank

UBS Group said on
Thursday it would fully absorb Credit Suisse s domestic bank - a
decision that comes despite a likely backlash in Switzerland
where it could result in the loss of thousands of jobs.
. ....

Sergio Ermotti , Noele Illien , Edwina Gibbs , Credit Suisse , Executive Sergio Ermotti ,

credit suisse: UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings

UBS subsidiary Credit Suisse on Thursday posted a net loss of 9.3 billion Swiss francs. Credit Suisse saw assets under management decline 3% from the previous quarter. UBS Group said on Thursday it would fully absorb Credit Suisse s domestic bank. ....

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UBS to cut 3000 Swiss jobs as it slashes costs by US$10b

ZURICH, Aug 31 UBS Group plans to cut 3,000 jobs in Switzerland in the next couple of years, as it offered the first glimpse of how it plans to achieve more than US$10 billion. ....

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