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UBS to slash more than half of Credit Suisse’s staff

Three rounds of cuts will see roles go across a host of functions and locations

UBS signals its intention to shave costs out of merged bank
UBS signals its intention to shave costs out of merged bank Photo: Eduardo Munoz Alvarez/Getty Images

UBS is preparing a dramatic cull of Credit Suisse bankers in wake of its rescue deal for its Swiss rival.

More than 22,500 jobs are on the line, with UBS planning three rounds of cuts as it integrates Credit Suisse into its business, according to Bloomberg.

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