UBS To Cut More Than Half of Credit Suisse's 45,000 Staff
Bloomberg Daybreak: Europe Edition
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UBS Plans to Cut More Than Half of Credit Suisse's 45,000 Strong Workforce
Bloomberg has learned that UBS is planning to cut more than half of Credit Suisse's 45,000 strong workforce. The job losses will start next month and focus on bankers, traders and support staff in London, New York and some parts of Asia. Jeffries reported a 26% plunge in investment banking revenue amid a global slump in deal-making.
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