Finance

Ermotti Flags Job Cuts as UBS Nears Credit Suisse Integration

WATCH: Ermotti on tech valuations, China opportunities and how proposed banking regulations in Switzerland go “too far.”Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Myriam Balezou, Stephen Engle, and Laura Noonan

January 13, 2026 at 11:21 AM UTC

Three years on from UBS Group AG’s dramatic rescue of Credit Suisse, the lender is entering the delicate final stages of the integration.

UBS will soon start a fresh round of job cuts after it decommissions some of the computer systems it inherited, Chief Executive Officer Sergio Ermotti said Tuesday on Bloomberg TV from Shanghai. The bank will also shutter various information technology and data centers.