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UBS to Cut Up to 30% of Headcount

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UBS is reportedly set to cut as much as 30% of its headcount after completing its takeover of Credit Suisse. The cuts will impact about 30,000 employees at both its headquarters in Switzerland as well as across its global network. Russell Ward reports on Bloomberg Television.
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15 Comments

15 Comments

  1. @pjab1133

    December 29, 2023 at 4:52 am

    People let me tell you something. Peter V. Kunz warns from a lot of things, while the politicians in the past (and also in the future/ were / will be supporting the ways in the banks without any criticism. These people are in the same boat with the bankers. The UBS regards itself, having a new old CEO (with an Investement-Banking background) as not too big to fail but to small to succeed. So UBS has changed the denomination of her shares from CHF to US Dollars and in addition take some kind of currency-risk on top of everything else. There will be only one way and it will lead to the exact same outrageous investment banking that made Credit Suisse fail. The gambling will go on unhindered. Whatever every politician and everyone says.. The real power is with the majority of the stakeholders, big ones with a lot of power in voting. Nothing will change at all and the big casino will keep on spinning until in some years this new monster-bank will have to be saved once again by the taxpayers- money. These people only have one motiviation and this is called GREED. Nothing else just greed. The best chance to avoid future damage will be if the two banking sectors will be forced to separate by law but chances are small I would assume as of up-mentioned reasons. It's a shame that they will be allowed to gamble on while the benefit goes to already well filled pockets and the failure will have to be paid by the tax-payer. NOTHING will change at all. We will see for sure. 5 years 10 years 15 years or sooner the big crash will come because of people with no sense of responsibility and no sense of sustainability. Have no Illusions.. money rules the world, all else is just blabla.

  2. @heaven4Now26

    December 29, 2023 at 4:52 am

    Yes😮😅

  3. @commonsense504

    December 29, 2023 at 4:52 am

    When you're inevitably going to fail soon, you don't need that many employees to help you get to the finish line.

  4. @janosik150

    December 29, 2023 at 4:52 am

    Yeah…because they don't need more employees at all actually

  5. @b.n180

    December 29, 2023 at 4:52 am

    Job cuts, automation with artificial intelligence, how would the common people make money to pay taxes?

  6. @jul-xo5nk

    December 29, 2023 at 4:52 am

    Joe Biden and Socialist Democrats did such, a greater job 🙄🙃🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Oil Oil Oil 🛢 cuts.

  7. @Stas1Stas-xh4fd

    December 29, 2023 at 4:52 am

    in the end, it is quite likely that the UBs will give up on this deall and that it was only a temporary reason for internal help for reasons as logical as possible, namely that those at the top are beginning to realize that it is even more risky to save an even bigger bank in case of another possible crisis….

  8. @bada6830

    December 29, 2023 at 4:52 am

    bugger

  9. @tonydebruyne257

    December 29, 2023 at 4:52 am

    UBS swallowed a rotten stinking fish and it's employees are paying the price for the toxic meal.

  10. @dankhank11

    December 29, 2023 at 4:52 am

    Two out of three people in this clip mumble so bad they can't be understood, and it makes no sense why they're on television.

  11. @twisted4872

    December 29, 2023 at 4:52 am

    Soooo …. You lost Bakhmut….. Maintaining a dignified silence I presume. Well I guess when McDonalds shuts down you know shits headed south

  12. @AnthonyDoesYouTube

    December 29, 2023 at 4:52 am

    This man has pain in his eyes

  13. @dsamh

    December 29, 2023 at 4:52 am

    Oh look, you worked for that the old nazi bank that has been helping international criminals for decades.? Right.

  14. @australianpatriot

    December 29, 2023 at 4:52 am

    great time to graduate 😐

  15. @Snake_Turley

    December 29, 2023 at 4:52 am

    Stutter mich? Who lies in 6k

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Nasdaq President Sees SK Hynix Listing Growing Foreign IPO Pipeline

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Nasdaq President Nelson Griggs says the record-breaking SK Hynix ADR listing is already attracting looks from more foreign companies that may consider US listings. He says JPMorgan Chase struck the right balance on the SK Hynix pricing. Griggs speaks to Bloomberg’s Ed Ludlow in New York at the Nasdaq.
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Trump making “major mistake” with Nvidia chips to China, says Burns #shorts #china #nvidia #ai

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Former US Ambassador to China Nicholas Burns tells David Gura President Trump is “making a major mistake” by allowing Nvidia to sell its products to one of the US’s biggest rivals, China https://bloom.bg/3SQPXSd

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McCaul Pushes Patriot Production in Ukraine

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Rep. Michael McCaul says Ukraine is gaining momentum on the battlefield but urgently needs more Patriot interceptors and stronger air defenses to counter Russia’s escalating missile attacks. He urges deeper US-Ukraine defense cooperation, including licensed Patriot production and joint drone development, while arguing sustained military pressure offers the best path to negotiations with Russia.
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Nasdaq 100 Fluctuates Amid Geopolitical Tensions | The Close 7/8/2026

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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Nuveen Head of Fixed Income Strategy Tony Rodriguez, State Street Global Head of Gold Strategy Aakash Doshi, Coresight Research Founder & CEO Deborah Weinswig, Principal Venture Partners Founder & Managing Partner Songyee Yoon, Alphasimplex Chief Research Strategist Katy Kaminski, Principal Asset Management Chief Investment Officer & Global Head of Equities George Maris, Morgan Stanley Equity Research Managing Director Alex Straton, MNTN CEO Mark Douglas, & Former HUD Sectretary Henry Cisneros.

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Jersey City Shadowed by 15% Tax Hike as Boomtown Faces Reckoning

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Bloomberg’s Nic Querolo joins Katie Greifeld on “Bloomberg Real Yield.” After decades of drawing in tens of thousands of new residents as gleaming apartment towers rose near the Hudson River waterfront across from Manhattan, Jersey City has suddenly found itself teetering on the financial brink.
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