Oct 28, 2012, 10.50 AM IST

UBS to cut up to 10,000 jobs bankwide: Source

UBS AG , Switzerland's biggest bank, is expected to cut up to 10,000 jobs across the company as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said.

Source: Reuters
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UBS to cut up to 10,000 jobs bankwide: Source
UBS AG , Switzerland's biggest bank, is expected to cut up to 10,000 jobs across the company as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said.


The cuts are expected globally and are likely to be announced when the company reports its third-quarter results early next week, the source said on Friday.


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