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.

October 28, 2012 / 10:50 IST

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.

first published: Oct 27, 2012 02:26 am

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