Switzerland's

UBS

(UBS) - Get Report

could cut up to 4,500 more jobs in the near future, local media reported.

Swiss newspaper

SonntagsZeitung

reported UBS may cut 4,500 jobs, while a second Swiss newspaper,

Sonntag

, said 3,000 to 4,000 positions at UBS could be pared.

A UBS spokeswoman wouldn't comment on the reports.

The job cuts would push the latest round of job losses to more than 13,500, according to reports.

Last week, Swiss bank

Credit Suisse

(CS) - Get Report

said plans to reduce headcount by 5,300, primarily in investment banking, or 11% of the bank's total work force, after estimating a steep fourth-quarter loss.

This article was written by a staff member of TheStreet.com.