Awash in cash, the Swiss National Bank has been making major direct investment in the private sector and the bond market. It’s a frightening level of financial sway.
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Swiss Bank UBS Slashes 10,000 Jobs
LE TEMPS (Switzerland), THE FINANCIAL TIMES (UK) Worldcrunch ZURICH – Swiss bank UBS officially announced Tuesday it is cutting 10,000 jobs worldwide after losing $42 billion during the financial crisis. The Zurich based bank, which currently employs 64,500 people, is aiming to reduce its workforce by 2015, Swiss daily Le Temps reports. The bulk of […]