Societe Generale May Cut 1,600 Jobs Globally

The video discusses the cost-cutting measures being implemented by banks, particularly focusing on personnel reductions. UBS has faced challenges in investment banking, marking the first quarter as one of the worst in recent times. Several banks have announced or signaled job cuts to manage costs. Suction and BNP Paraba, which relied on investment banking and trading as growth drivers, are also pulling back due to disappointing revenues.

How did UBS and BNP Paribas view investment banking and trading in the past?

What was the outcome of the revenue performance for UBS and BNP Paribas?