Market Chatter: UBS Cuts About 200 Jobs in London as Credit Suisse Integration Nears End

12:47 PM EST, 11/04/2026 (MT Newswires) -- UBS Group AG (UBS) has cut about 200 positions in London in recent weeks as it nears completion of its integration of Credit Suisse, Bloomberg reported Wednesday, citing people familiar with the matter. The job reductions affected multiple divisions, including wealth management and investment banking. Some employees are being offered other roles within the bank to cushion the impact, the report said. UBS did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 50.97, Change: +2.97, Percent Change: +6.19