Swiss banking group UBS has announced it is to cut 3,500 jobs globally as part of its cost savings programme.
Some 45% of the job losses will fall on its investment bank.
The move was widely anticipated after the banking group announced plans last month to find 2bn Swiss francs ($2.5bn, £1.5bn) of annual savings.
Some 45% of the job losses will fall on its investment bank.
The move was widely anticipated after the banking group announced plans last month to find 2bn Swiss francs ($2.5bn, £1.5bn) of annual savings.
