It's the latest European bank to consider changes at the top in an industry beset by sluggish growth.
It plans to hire more than 30 wealth advisors to cater to clients in Switzerland, Germany and the U.K.
The plans follow Switzerland’s move years ago to abandon its notorious banking-secrecy laws.
All of Europe's investment banks are dealing with one of the worst market environments in recent history.
The dismissals could start as soon as this year and help the bank achieve its 2019 cost targets, sources said.
Targets may include U.K. and U.S. asset managers focused on retail clients and specialized asset managers.
The incident dates back to 2010 and involves a male employee assaulting a female subordinate.
Swiss Crypto Vault aims to lure ultra-high-net-worth investors with its “deep underground storage" facilities.
The higher rating contrasts with a downgrade of German competitor Deutsche Bank AG.
Private bankers generally charge one in three customers fees that are below what they could be, a new report says.
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