The Swiss banking sector is expected to shrink by 2010, forcing job losses and salary cuts, according to recent research.
A study by Accenture and the Swiss Institute of Banking and Finance at the University of St Gallen, asked 180 senior managers of Swiss banks what direction banking will take over the next five years.
Rising pressure on costs created by the downturn in the past three years, together with EU regulatory changes, have had an impact on Swiss banking.
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