Wednesday, 31 October 2012 18:47

British banking jobs at risk as UBS announces plans to cut 10,000 jobs worldwide

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More British banking jobs were at risk today after UBS said it is to cut up to 10,000 roles worldwide in moves to shrink its investment banking arm.

The Zurich-based bank plans to reduce its headcount from 64,000 to 54,000 by 2015, with some 75% of the losses made outside Switzerland.

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