Swiss bank UBS to cut 3,500 jobs
August 24th, 2011 - 6:21 pm ICT by IANSLondon, Aug 24 (IANS) Swiss banking giant UBS, which employs 6,000 staff in Britain and 65,000 across the world, will chop 3,500 jobs, a media report said.
The job cuts were part of the bank’s bid to save 1.5 billion pounds by the end of 2013, the Daily Express reported.
The cuts will come predominantly from its investment bank and wealth management division. The firm did not specify the total number of job losses in Britain.
The move comes after Britain’s biggest banks announced job losses - Royal Bank of Scotland will slash 2,000 jobs, HSBC 30,000, Barclays 3,000 and Lloyds Banking Group 15,000.
- HSBC to cut another 25,000 jobs despite rise in profits - Aug 02, 2011
- HSBC to cut 330 jobs in Britain - Dec 06, 2011
- RBS to cut 3,500 jobs worldwide - Jan 12, 2012
- HSBC to cut 25,000 jobs by 2013 - Aug 02, 2011
- HSBC to axe 10,000 people - Jul 31, 2011
- HSBC to cut 30,000 jobs worldwide - Aug 02, 2011
- Unions protest HSBC's plan to axe 3,000 jobs in Hong Kong - Sep 08, 2011
- S&P; slashes top US banks' credit ratings - Nov 30, 2011
- Fitch downgrades three European banks ratings - Oct 14, 2011
- UBS to cut 8,700 jobs after announcing more losses - Apr 15, 2009
- London police arrest man in connection with UBS trading loss - Sep 15, 2011
- Bank of America to cut 30,000 jobs - Sep 13, 2011
- 65 percent top banks 'back to business' - Apr 13, 2011
- U.S. government seeks names of U.S. residents with HSBC India bank accounts to avoid taxes - Apr 08, 2011
- WSJ: Bank of America to cut up to 10,000 jobs - Aug 19, 2011
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