<p class="MsoNormal"><span style="font-size: 14.0pt; mso-bidi-font-size: 12.0pt; font-family: Arial;" lang="EN-GB"><span style="font-size: small;">The 900 job cuts recently announced at UBS and Credit Suisse could be just the beginning as Switzerland’s banks face massive belt-tightening across the board, a prominent Swiss banker says.</span></span></p>
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<p><span><span>Switzerland's ambassador to the United States, Manuel Sager, has penned a letter strongly refuting “claims that Switzerland is </span></span><span><span>fighting against handing over bank information about Americans who have cheated on their taxes.“</span></span></p>
