UBS Begins Job Cuts Across Business

The video discusses a significant announcement from UBS regarding job cuts, primarily in Switzerland, as part of a cost-cutting strategy. While not as large as other banks' programs, it focuses on reducing costs in corporate centers and digitizing operations. The strategic plan aims to address UBS's high cost base, a long-standing issue, with expected savings of 1 billion over three years.

What role does digital transformation play in the new strategy of UBS?

What are the expected savings from the new strategic plan over three years?