Julius Baer may cut more than 1,000 jobs
Julius Baer Group Ltd, Switzerland's third-biggest publicly traded bank, may cut more than 1,000 jobs after its purchase of Bank of America Corp's Merrill Lynch wealth management units outside the US.
The US bank Morgan Stanley plans to cut 1,600 jobs next year in the face of a 45-per-cent decline in share value, the news agency Bloomberg reported 15 Decemb