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UBS cuts consultant and contractor spending by over $800mn

Published

The Swiss bank has reduced what it pays outside consultants and contractors this year, as it winds down its Credit Suisse integration. It is also cutting thousands of jobs to trim costs.

The cut in spending is more than $800mn for this year. It covers external consultants and contractors.

UBS is ending the work of joining Credit Suisse into the bank. The bank is also axing thousands of jobs as part of its effort to lower costs.

Key facts

Who
UBS (Swiss lender cutting consultant and contractor spending)
What
UBS has cut spending on external consultants and contractors by more than $800mn this year as it winds down its Credit Suisse integration and axes thousands of jobs to trim costs.
When
5 November 2026
Status
Reported

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