Credit Suisse Readies for More Job Cuts, Financial News Says

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UBS Group AG is poised to start its next wave of job cuts at Credit Suisse, this time targeting about 10% of support staff, likely in areas such as compliance, risk and marketing, Financial News reported.

The Swiss bank informed employees the reductions will start Nov. 6, the publication said, citing unidentified people familiar with the matter. A UBS spokesperson declined to comment when contacted by Bloomberg News.

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