UBS Group plans to cut 3,000 jobs in Switzerland in the next couple of years, as it offered the first glimpse of how it plans to achieve more than $10 billion in cost savings after taking over Credit Suisse.
UBS Chief executive Sergio Ermotti had warned earlier this month that the coming months were likely to be "bumpy".
Meanwhile, UBS shares were up today by 5 percent, hitting highs since 2008.
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