In banking news, Swiss banking giant UBS AG has announced it is cutting 3,500 jobs worldwide. The move comes just days after Bank of America said it would cut as many as 10,000 jobs.

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Democracy Now!
Amy Goodman
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In banking news, Swiss banking giant UBS AG has announced it is cutting 3,500 jobs worldwide. The move comes just days after Bank of America said it would cut as many as 10,000 jobs.