London CNN —
UBS has deepened a cost cutting drive launched after its emergency acquisition of rival Credit Suisse, as it slashes thousands of jobs and tries to boost earnings to make sure the mammoth deal pays off.
The Swiss lender said Tuesday that it was now targeting $13 billion in savings by the end of 2026 — $3 billion more than it announced six months ago.
The savings will provide “necessary capacity for reinvestment to reinforce the resilience of our infrastructure as we absorb Credit Suisse and to drive sustainable growth by investing in talent,
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