> UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts / 33U26BG
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UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts / 33U26BG
Clip ID 2206608
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Description
Banking giant UBS says fully absorbing Credit Suisse's century-old Swiss division is the "only practical and feasible solution", with plans to slash thousands of jobs across Switzerland, as it seeks to redress its recently-swallowed rival. IMAGES AND SOUNDBITES