UBS to cut 3,000 jobs in Switzerland after Credit Suisse takeover

• UBS is planning to cut 3,000 jobs in Switzerland after its shock takeover of rival Credit Suisse.
• The move comes as the financial giant targets nearly $10 billion in savings by 2026.
• The shotgun marriage with UBS saved embattled Credit Suisse from possible collapse.

UBS is planning to cut 3,000 jobs in Switzerland as it continues to integrate Credit Suisse following the shock takeover of its rival earlier this year.