UBS to cut up to 10,000 jobs bankwide: source

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October 27, 2012 7:49 AM EST

UBS AG , Switzerland's biggest bank, is expected to cut up to 10,000 jobs across the company as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said.

The cuts are expected globally and are likely to be announced when the company reports its third-quarter results early next week, the source said on Friday.

(Reporting By Jed Horowitz)

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Copyright 2012 Thomson Reuters. All rights reserved.

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