UBS axes 3,500 jobs in cost-cutting push

ZURICH (Reuters) - Switzerland's biggest bank UBS AG (VTX:UBSN.VX - News; NYSE:UBS - News) is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the hiring binge of recent years and prepare for a tough few years. UBS said ...

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